Private equity fund TA Associates has invested Rs. 150 crore ($24.9 million) to pick up a minority stake in Fractal Analytics, a Mumbai-based data analytics provider, which helps companies on pricing and product strategies..DSK Legal advised Fractal Analytics with a team led by Mumbai-based Partner Tushar Ajinkya..Nishith Desai Associates acted as Indian legal counsel for TA Associates while Goodwin Procter LLP acted as International legal counsel..NDA team was led by Bangalore-based Partner Vaibhav Parikh while Goodwin team was led by Hong Kong Partner Yash Rana..The investment was made by TA Associates through its FVCI investment vehicle, TA FVCI Investors Limited, through subscription to cumulative compulsorily convertible preference shares and acquisition of equity shares from certain existing shareholders of Fractal..The funds will be used for expansion into other geographies, grow its sales team and build more products with intellectual property rights, reports Dealcurry.
Private equity fund TA Associates has invested Rs. 150 crore ($24.9 million) to pick up a minority stake in Fractal Analytics, a Mumbai-based data analytics provider, which helps companies on pricing and product strategies..DSK Legal advised Fractal Analytics with a team led by Mumbai-based Partner Tushar Ajinkya..Nishith Desai Associates acted as Indian legal counsel for TA Associates while Goodwin Procter LLP acted as International legal counsel..NDA team was led by Bangalore-based Partner Vaibhav Parikh while Goodwin team was led by Hong Kong Partner Yash Rana..The investment was made by TA Associates through its FVCI investment vehicle, TA FVCI Investors Limited, through subscription to cumulative compulsorily convertible preference shares and acquisition of equity shares from certain existing shareholders of Fractal..The funds will be used for expansion into other geographies, grow its sales team and build more products with intellectual property rights, reports Dealcurry.