Hg Leads Majority Investment in Sovos; TA Associates Joins as Minority Investor
August 20, 2020
Hg will lead a new majority investment in global tax software provider Sovos through its Hg Saturn 2 Fund, with TA Associates joining as a significant minority investor. The capital will support Sovos' geographic expansion, partner ecosystem growth and product/capability development as digital tax and regulatory transformation accelerates globally; terms were not disclosed and the deal was expected to close in H2 2020.
- Buyers
- Hg (Hg Saturn 2 Fund), TA Associates
- Targets
- Sovos
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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