The stakes were acquired from Lehman Brothers Holdings with the parties keeping the financial details of the deal confidential.
BATS currently ranks as the world’s world’s third-largest equities exchange company, operating the BZX and BYX exchanges in the US and BATS Chi-X Europe.
The firm also operates the BATS Options market in the US and offers a primary listings business for exchange-traded products.
TA Associates managing director Ken Schiciano said, “BATS has consistently delivered best-in-class solutions for the United States’ cash equities and equity options markets and the pan-European cash equities market.
“BATS’ talented management team and proprietary high-performance technology have enabled the company to maintain its market share and position the company for future growth. Given TA’s successful history of investing in the financial technology sector, we are looking forward to partnering with the BATS management team.”
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