Pulse2 Technology and Social Media News » TA Associates

KKR Buys 50% Of Fotolia For $150 Million

Amit Chowdhry — Thu, 17 May 2012 20:06:56 +0000

Private equity company Kohlberg Kravis Roberts & Co. (KKR) has acquired 50% of Fotolia for $150 million as part of a growth equity investment. KKR has over $62 billion in assets. Fotolia’s previous investor TA Associates worked with KKR Capital Markets and several banks to secure an additional $150 million in senior debt financing for Fotolia. This gives Fotolia an enterprise value of $450 million.

Fotolia rivals Shutterstock filed for a $115 million IPO recently and Getty Images was acquired by private equity company Hellman & Friedman in a transaction valued $2.4 billion in 2008.

Fotolia was founded in 2005 and has become the largest stock image website in Europe. They have over 17 million images and videos that can be licensed by customers. Fotolia is currently headquartered in New York. They received an investment of somewhere between $50 million and $100 million from TA back in 2009.

TA Associates Invests $200 Million In AVG Technologies For 25% Equity

Amit Chowdhry — Fri, 09 Oct 2009 21:44:45 +0000

TA Associates is a private equity firm that has offices in Boston, Menlo Park, Mumbai and London. The company manages about $16 billion in capital. Recently the company bought 25% ownership in AVG Technologies, the company behind one of the most useful anti-virus software programs in the world. The 25% ownership cost TA $200 million.

The equity was purchased from AVG shareholders Enterprise Investors, Benson Oak Capital, and Intel Capital. AVG was founded in 1991 and has about 80 million users across 167 countries. In 2008, AVG had revenues of about $140 million. The investment in AVG will be used to fund expansion globally and add-on deals.

AVG and Yahoo! already have some sort of partnership where Yahoo.com is the default search for the AVG toolbar. Back in 2005, Intel and Enterprise invested $52 million in AVG whe n the company had about 25 million users.