True North aims to invest up to 30 per cent of funds that it manages or advises in Tech and Digital businesses.
India-based private equity player True North has invested $93 million in Pittsburgh-based digital engineering company Accion Group. True North has routed this transaction through its Indium VI (Mauritius) Holdings fund.
True North is acquiring a minority stake from US-based PE player TA Associates.
Founded in 2011, Accion Labs is a global digital engineering company with a specialised focus on digital transformation in global enterprises and technology firms. The Company’s primary lines of service include Digital Consulting, Innovation & Digital Product Engineering, Data/ML Engineering and Automation. The Company has more than 4,800 employees globally, spread over 20 locations.
First Published: Sep 27 2022 | 7:46 PM IST