TA Associates Enters Negotiations for Majority Investment in DL Software TA Associates, a global growth private equity firm, today announced that it has entered exclusive negotiations to make a majority growth investment in DL Software, a France-based group of enterprise resource planning software providers. Current DL Software majority shareholder 21 Invest France, as well as company founders and management, would each retain a stake in the business following TA’s investment. The envisaged transaction, which is currently under review by representatives of the company’s employees, is expected to close in the second quarter of 2021, subject to customary approvals. “DL Software has become a leading B2B software player in France through a longstanding strategy of acquiring and growing highly-verticalized ERP vendors,” said