TA Associates partially exits PIPE portfolio firm with good returns
US-based private equity investor TA Associates has logged a partial exit from a publicly listed firm, more than a year after taking out the principal amount during the company's blockbuster initial public offering. The PE firm has been making selective bets across sectors in India since making its first bet, in 2006, on Idea Cellular Ltd in a pre-IPO deal. It exited the telecom operator in 2011 through an open market transaction. The firm has stitched one deal a year on average since its India entry, according to VCCEdge, the data research platform of News Corp VCCircle. In the latest...
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