India's True North buys stake in TA-backed Accion Labs
Indian middle market private equity firm True North has acquired a significant minority position in US and India-based IT provider Accion Labs from TA Associates for USD 93m.
True North framed the transaction as part of a deepening commitment to digital technologies. It is investing via is sixth flagship fund, which closed on USD 560m in 2019 and has primarily targeted financial...
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