HgCapital buys into TA Associates-backed Mitratech
April 05, 2017
Business Software | Austin, TX | Secondary Buyout
HgCapital has agreed to make a strategic investment in Mitratech, a provider of legal and risk-management services. TA Associates, which acquired Mitratech from Vista Equity Partners in 2015 for a figure that reportedly exceeded $300 million, will remain a minority shareholder. HgCapital’s investment will come from the firm’s seventh flagship fund, which closed on £2 billion in 2013.