TA Associates invests 140 million dollars in TCNS Clothing Company

TCNS Clothing Company has raised 140 million dollars (Rs 93.84 crores) from TA Associates, a US-based private equity firm. The city based company, which owns W, Aurelia and Wishful, has done this by selling a stake of around 40 per cent. This move led to the exit of Matrix Partners, which held a stake of 15-20 percent in the company. This investment by TA will provide some liquidity for other stakeholders, including management.