THE BLOG

06
May

TA Associates Completes Acquisition of NorthStar

BOSTON, May 5, 2015 – TA Associates, a leading global growth private equity firm, today announced it has completed a majority investment in NorthStar Financial Services Group, LLC (“NorthStar”). The transaction closed on April 30. A definitive agreement was announced on February 9 of this year. NorthStar’s management team members remain significant owners in the company. Additional terms of the investment were not disclosed.

With more than $300 billion in assets under management and administration as of March 31, 2015, NorthStar provides a wide array of support services to registered investment advisors (RIAs), independent broker dealers (IBDs) and investment management firms.

In connection with the investment, M. Roy Burns and Todd R. Crockett, Managing Directors of TA Associates, joined NorthStar’s Board.

About NorthStar Financial Services Group, LLC

NorthStar Financial Services Group, LLC is a holding company for several subsidiaries, including CLS Investments, LLC, one of the largest ETF strategists in the United States; The Gemini Companies, a single point of access for investment companies to multiple solutions for pooled investment products; and Orion Advisor Services, LLC, which is among the country’s largest independent providers of Software as a Service portfolio accounting services to RIAs. Collectively, these business units offer unique services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance, and printing and marketing services. NorthStar helps investment advisors enhance client service, increase operational efficiencies and expand their businesses. NorthStar is headquartered in Omaha, Nebraska, with additional offices in Hauppauge, New York; Chicago, Illinois; Mill Creek, Washington; and Scottsdale, Arizona. For more information, please visit www.nstar-financial.com.

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 450 companies around the world and has raised $18 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.

Press Contacts:

For TA Associates
Marcia O’Carroll
TA Associates
617-574-6796
mocarroll@ta.com

For TA Associates
Philip Nunes
BackBay Communications
617-556-9982, x227
phil.nunes@backbaycommunications.com

For Orion & CLS Investments
Jason Lahita
FiComm Partners
310-575-2509
jason.lahita@ficommpartners.com

For The Gemini Companies
Jami Schlicher
JCPR
973.850.7309
jschlicher@jcprinc.com