Montagu Private Equity to Acquire Majority Position in ITRS Group from TA Associates

Montagu Private Equity (“Montagu”), a leading European private equity firm, today announces it has agreed to acquire a majority position in ITRS Group (“ITRS”), a leading global provider of real-time monitoring and analytics software from TA Associates (“TA”), who will remain a minority holder alongside Montagu and Management. Completion is expected next month, subject to customary closing requirements. The terms of the transaction were not disclosed.