“In 2014 TA Associates (a PE firm) bought 50% of the business at a $275M valuation - $110M in equity and $80M in debt.”
How does this break down? If the enterprise value is 275m with 80m of (net?) debt, that’s 195m of equity value, so 50% mean a 97.5m equity check from TA? Where does the 110m come in?
ZoomInfo Deep Dive
“In 2014 TA Associates (a PE firm) bought 50% of the business at a $275M valuation - $110M in equity and $80M in debt.”
How does this break down? If the enterprise value is 275m with 80m of (net?) debt, that’s 195m of equity value, so 50% mean a 97.5m equity check from TA? Where does the 110m come in?
Unfortunate 25% loss playing earnings yesterday! Great write up, however!