Deals
Insight Partners to Buy Stake in $3.6 Billion Software Firm Aptean
- TA Associates agreed to invest additional capital in Aptean
- Vista Equity Partners made initial investment in asset in 2012
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Investment firm Insight Partners has agreed to purchase a stake in enterprise software developer Aptean, the companies announced.
The purchase comes alongside an additional investment from existing shareholder TA Associates, according to a statement Monday, confirming an earlier Bloomberg News report. Following an initial 2012 investment under the CDC Software brand, Vista Equity Partners will exit its stake in Aptean as part of the current deal. Charlesbank Capital Partners will remain a shareholder in Aptean.