TA Associates Completes Investment in Stadion Money Management
TA Associates, a leading growth private equity firm, today announced it has completed an investment in Stadion Money Management, LLC, a rapidly growing investment management firm. The transaction closed on June 30, 2011. A definitive agreement was announced on April 26 of this year. Terms of the investment were not disclosed.
In connection with the investment, M. Roy Burns, a Principal at TA Associates, and Roger B. Kafker, a Managing Director at TA Associates, joined the company’s Board of Directors. Goodwin Procter LLP provided legal counsel and Deloitte LLP provided accounting services to TA Associates. Chamberlain, Hrdlicka, White, Williams & Martin LLP served as legal counsel and Silver Lane Advisors provided financial advisory services to Stadion Money Management.
About Stadion Money Management
Since 1991, Stadion Money Management has been managing investors' "serious money" for important long-term goals like retirement, education and future family legacy. The firm offers separate account management services, proprietary mutual funds and retirement account investment advisory services. For more information, please visit www.stadionmoney.com.
About TA Associates
Founded in 1968, TA Associates is one of the largest and most experienced middle-market growth private equity firms. The firm has invested in over 400 companies and has raised more than $16 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries. More information about TA Associates can be found at www.ta.com.