It had a $481 million market capitalisation, and shares have traded between $1.155 and $1.8 over the last 52 weeks. Trading was halted after the consortium announcement.
TA Associate’s usual hunting ground in Australia has been financial services businesses.
It was tipped into a management buyout of Goldman Sachs’ local asset management arm (which became Yarra Capital Management) in 2016. It’s also got stakes in Honan Insurance Group and ETF business BetaShares.