TA Associates has agreed to invest in Compusoft, a provider of computer-aided design software to the kitchen and bathroom retail industries.
Financial details of the deal were undisclosed, but TA’s investments range from $50m (€42.7m) to $500m in equity. The deal is expected to close in the third quarter of this year.
Norway-headquartered Compusoft services around 12,000 customers from its operations in 14 countries across Europe, as well as South Africa and Australia. Its flagship products, Winner Design and Innoplus, provide design and sales support to kitchen and bathroom retailers.
TA managing director Naveen Wadhera, who will join the Compusoft board of directors, said the growth private equity firm will help the business “capitalize on its strategy and accelerate growth.”
“Compusoft is among the industry leaders in Europe, with a high-quality business model and an impressive history of sustained growth.” Wadhera added. “[The company] fits squarely within our focus on profitable businesses with strong management teams and proprietary products and services.”
Goodwin, Alvarez & Marsal and KPMG are advising TA on the transaction with Kvale and ABG Sundal Collier advising Compusoft.