Private Equity PE Fund Investments
TA Associates to invest $250-M in informatics firm Zifo
Private Equity firm TA Associates has invested USD 250 million (INR 2,000 crore) to acquire a "significant" stake in Chennai-headquartered Zifo Technologies Pvt Ltd and its affiliates, which provide informatics solutions to life sciences companies and process industries globally. Spark Financial Holdings was the exclusive financial advisor to Zifo and its selling shareholders.
Founded in 2008, Zifo has offices in Canada, China, France, Germany, Japan, Singapore, Switzerland, UK and US.
Company website ↗ (opens in a new tab)
From the Venture Intelligence Private Company Financials Database: Zifo Technologies Pvt Ltd had reported a consolidated operational income of INR 332.64 Cr and a PAT of INR 101.51 Cr for FY21. (Subscribers to the database can login to view the detailed financials.)