TA Associates Invests in US$140 Million Financing Round for TCNS Clothing Company (Asia)

Source: TA Associates, Mint  |  Author(s): Reghu Balakrishnan

Global growth private equity firm TA Associates has invested in a US$140 million round for a reported 30 percent to 35 percent stake in India-based women’s apparel platform TCNS Clothing Company, allowing existing shareholder Matrix Partners to sell a 20 percent stake in the company. With TA Associates’ support, TCNS plans to expand into additional international markets.