The transaction allows both the companies to leverage each other’s plus points for their international growth
TA Associates, a leading global growth private equity firm, lately announced that it has completed an investment in LIST S.p.A., a developer of software solutions for the financial industry. The financial details of the deal were not disclosed. Headquartered in Pisa, Italy, LIST is a provider of mission-critical trading and compliance software solutions and infrastructural services to a wide range of financial institutions.
LIST is excited about the fact that TA is fully-aligned with and supportive of LIST’s strategy, and has committed to working collaboratively with the team of LIST to accelerate its forward momentum.
Reportedly, J. Morgan Seigler, a Managing Director at TA Associates will join the LIST S.p.A. Board of Directors. Morgan stated, “As one of Europe’s leading capital markets technology providers, LIST has a strong and long-term track record of delivering exceptional software and services across a wide range of trading and compliance needs.” Further, he added, “Importantly, we are investing alongside what we believe to be a seasoned, passionate and talented management team that will continue to actively build the company. We are honored to be a part of the LIST family and are excited to begin working closely with management to help LIST capitalize on its strategy and international growth initiatives.”
The move enhances the service offerings by LIST
Enrico Dameri, Co-Founder, Chairman, and Chief Executive Officer, LIST S.p.A., said, “Over the course of our 33-year history, we have strived to provide our customers with high-quality products and services to help them meet their unique trading and compliance needs.” Moreover, he added, “We believe our partnership with TA Associates will help us expand our offerings and territories while continuing to deliver the services our customers have come to expect.”
Naveen Wadhera, a Managing Director at TA Associates who will join the LIST S.p.A. Board of Directors, informed, “Software services for financial-focused companies around the world are increasingly playing a more critical role in a variety of daily operations.”
Naveen also said that as institutions around the world continue to shift towards electronic trading practices, they believe LIST is well positioned to take advantage of further growth opportunities in international and emerging markets. With the opportunity to collaborate with LIST’s management team and founders, TA Associates seek to create significant additional value in the company.
In addition to Morgan Seigler and Naveen Wadhera, Stefan Dandl, a Vice President at TA Associates, will also join the LIST S.p.A. Board of Directors. According to reports, Latham & Watkins LLP provided legal counsel, while KPMG served as financial advisor to TA Associates. For LIST S.p.A., Nctm Studio Legale provided legal counsel and Studio MCCR served as financial advisor.