LONDON - TA Associates Management, L.P., a private equity firm based in Boston, United States, has fully divested its position in Auction Technology Group (LON:ATG) PLC, a UK-based company specializing in technology for auctions. According to a notification filed on Monday, TA Associates no longer holds any voting rights in the company as of December 12, 2024.
Previously, TA Associates had a significant stake in Auction Technology Group, with 12.593284% of the voting rights. The notification, which was completed in Boston, MA, on December 16, 2024, marks the end of TA Associates' holding in the company.
The disposal of voting rights involves several entities under TA Associates’ control, including TA Subordinated Debt Fund IV L.P., TA Investors IV EU AIV L.P., and others, all of which now report zero voting rights in Auction Technology Group.
The transaction details and the resulting situation were reported in accordance with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority. The notification did not include additional information regarding the reasons for the disposal or the identity of the purchaser.
This move by TA Associates Management comes as part of the broader financial activities within the technology sector, where equity positions frequently change hands as firms adjust their investment portfolios. Auction Technology Group PLC, listed on the London Stock Exchange (LON:LSEG) with the ISIN code GB00BMVQDZ64, has not commented on the change in its shareholder structure.
The notification by TA Associates is a regulatory requirement meant to keep the market informed about changes in significant shareholdings in publicly traded companies. This information is based on a press release statement provided by RNS, the news service of the London Stock Exchange, and reflects the shareholding status as of the date specified.
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