TA Associates reduces Jupiter stake to 13.3%


Global mid-market firm TA Associates has reportedly partially exited its investment in UK-based fund manager Jupiter Fund Management for £82.7m.

TA has disposed of 26m shares at a price of £3.18 per share and now owns a little more than 61m shares in Jupiter, representing a 13.3 per cent stake, according to Citywire.

TA backed the management buyout of Jupiter in March 2007 and then increased its stake to 22.3m by acquiring shares through the company’s IPO.

A year later it reduced its shareholding by selling 15m shares at £3 per share.

Earlier this week TA completed an investment in Onlineprinters one of Europe’s largest online printing companies.

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