Boston private equity firm TA Associates is buying a majority stake in Access Technology Group.

Colchester, England-based Access develops business management software. The company’s products covers finance, human resources, payroll, business intelligence, supply chain and warehousing.  Access made an acquisition in December, picking up cloud-hosting specialist StratoGen.

TA is picking up a stake from Lyceum Capital, a London firm that backed a $79 million management buyout of the company in 2011. Terms of the deal were not disclosed.

Since Lyceum's investment, Access' Ebitda has grown and revenues have more than doubled to more than $90 million. During the Lyceum ownership period, Access made 12 acquisitions. The firm invests between $15 million and $75 million in mid-size companies headquartered in the U.K.

TA has made several other investments recently, including taking a minority stake in RateGain earlier in January. In November, the firm sold Dealer Tire LLC to Lindsay Goldberg LLC. 

William Blair is serving as Lyceum and Access' financial adviser, while Travels Smith is providing legal advice, and PwC is providing accounting and tax services. Harris Williams & Co. is advising TA on the deal, and Debevoise & Plimpton is legal counsel. 

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