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Products April 26, 2011
Private Equity Firm to Acquire Share of Stadion Money Management
April 26, 2011 (PLANSPONSOR.com) - TA Associates, a growth private equity firm, announced that certain of its private equity funds have signed a definitive agreement to acquire a 54.4% interest in Stadion Money Management, LLC.
Reported by Rebecca Moore
Stadion offers investment management services via mutual funds, separate accounts and retirement accounts. As of March 31, 2011, Stadion had approximately $6.7 billion in assets under management.
“We are confident that a partnership with TA will allow us to accelerate growth while maintaining the Stadion culture and the disciplined risk-averse investment approach that have been our hallmark.” said Tim Chapman, CEO, Stadion Money Management, in the announcement.
In connection with the investment, M. Roy Burns, a Principal at TA Associates, and Roger B. Kafker, a Managing Director at TA Associates, will join the Stadion’s Board of Directors.