TA Associates backs Goldman buyout
TA Associates will back a management buyout of Goldman Sachs’ Australian equities fund.
US based private equity firm TA Associates will back a Dion Hershan led management buyout of Goldman Sachs’ Australian equities fund.
The deal, which was foreshadowed in The Australian earlier this month, will see Goldman Sachs retain its international equity arm in Australia but depart the Australian equities business.
The new firm is yet to give itself a name but will have $8 billion under management in Australian equities.
TA has $24bn under management and this is its first funds management investment in Australia.
The existing Goldman Australian team will own around 40 per cent of the local business.
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