TA, Updata to invest in Australian software specialist Nintex
TA Associates and technology-focused GP Updata Partners plan to make a significant investment in Nintex Group, an Australia-based software provider. The private equity firms will support Nintex in its global growth initiatives, including organic expansion and strategic acquisitions.
Macquarie took an approximately 25% stake in the company three years ago and will retain an interest. The Wall Street Journal previously reported that TA and Updata were seeking a full acquisition that...
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