TA Associates Announces Sale of Major Serious Estate Investment decision Administration Agency Exeter Assets Group

BOSTON–(Company WIRE)–TA Associates, a top world-wide progress non-public fairness organization, currently announced the sale of its funds’ ownership curiosity in Exeter Home Group (“Exeter”) to EQT AB (“EQT”). The $1.87 billion sale was accomplished on April 1, 2021 immediately after all required closing conditions ended up attained. On closing, Exeter and EQT’s real estate firms have blended as EQT Exeter.

Exeter is a major actual estate expenditure management agency concentrated on getting, building, leasing and managing industrial, office and related business enterprise park houses across the U.S. and Europe through an array of price-insert and main return private equity expense autos. The company is headquartered in suburban Philadelphia and has places of work dispersed across the Americas, Europe and Asia. TA concluded a strategic growth expense in Exeter in February 2019.

“Exeter Home Group is a class leader investing in industrial actual estate globally,” stated Roger Kafker, a Senior Advisor at TA Associates. “It has been a pleasure to be partnered with Ward Fitzgerald, Tim Weber and the total Exeter crew to aid the organization accomplish its aims.”

“We chose to associate with TA because of the firm’s administration-friendly strategy and deep encounter investing in the asset management sector,” explained Ward Fitzgerald, Co-Founder and CEO, Exeter Property Group, and Partner and Head, EQT Exeter. “In addition to money backing, TA delivered major strategic and tactical support that proved handy in utilizing our progress initiatives. We believe the considerable discussions with TA with regards to prolonged-phrase system has positioned us perfectly for more expansion and leadership inside the real estate financial commitment administration sector.”

“We consider Exeter has a exclusive expense and execution model producing nearby specials with local groups across 36 U.S., European, Asian and South American marketplaces, and these capabilities have served Exeter make enviable returns considering that its founding in 2007,” claimed Roy Burns, a Running Director at TA Associates. “We are delighted to have partnered with Ward in aid of Exeter’s strategic aims, and we are energized to see what Exeter can execute as part of its future section of development.”

TA has been a major non-public equity trader in the asset management field for a lot more than 30 a long time, completing around 24 investments in common and different administrators, as minority or the vast majority entrepreneurs.

Goodwin Procter provided authorized counsel to TA Associates.

About TA Associates

TA is a leading world wide growth personal equity agency. Targeted on targeted sectors in five industries – technology, health care, monetary solutions, client and business enterprise services – the company invests in successful, rising organizations with possibilities for sustained development, and has invested in extra than 500 providers about the world. Investing as possibly a majority or minority investor, TA employs a extensive-expression approach, using its strategic means to enable administration teams create long lasting benefit in large quality growth providers. TA has elevated $33.5 billion in money given that its founding in 1968 and is committing to new investments at the speed of above $3 billion for every year. The firm’s extra than 100 financial commitment pros are based mostly in Boston, Menlo Park, London, Mumbai and Hong Kong. A lot more information and facts about TA can be located at www.ta.com.