TA Associates buys Ixion Technologies.(Brief Article)

Byline: Clifford Carlsen

Tech private equity specialist TA Associates returned to familiar territory July 31, teaming with founder Jay Greenspan in a $40 million buyout of New Bedford, Mass.-based Ixion Technologies Inc.

The deal for the semiconductor packaging manufacturer comes 14 years after Greenspan first called on TA to help back Aegis Corp., a similar company that later was sold to Olin Corp. That deal, like the current transaction for Ixion, allowed early non-management investors to cash out of the company while giving the company access to deep pockets for expansion.

Greenspan would not disclose a valuation on the deal for Ixion, but …