TA Associates has agreed to sell SmartStream Technologies to DIFC Investments, the investment arm of the Dubai International Financial Centre. The deal is valued at approximately Gbp200 million in cash, and is expected to close next month. SmartStream is a UK-based provider of software licensing and professional services.
DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), and TA Associates, a leading growth private equity and buyout firm, today announced that DIFC Investments has agreed to acquire SmartStream Technologies (SmartStream), the UK based software licensing and professional services business.
DIFC Investments will acquire SmartStream from TA Associates, SmartStream management and employees in an all cash deal, which values the company at approximately