TA Associates completes investment in online games developer

Global private equity firm TA Associates announced on Wednesday it had completed a minority investment in Forgame Tech Co Ltd, a leading developer and publisher of online and browser-based games.

Venture capital firms Qiming Venture Partners and Ignition Capital Partners partnered with TA Associates on the investment. The amount of the investment was not disclosed.

"We are pleased to complete this investment in Forgame," said Tan Hainan, director at TA Associates China. "With a diversified revenue stream, proven content development capabilities and a comprehensive game distribution network, Forgame has achieved significant growth since its founding. Given its robust product pipeline across multiple game categories, we anticipate continued strong performance by Forgame."

Founded in 2008, Forgame is one of the largest Web game companies in China, which has developed 28 cloud-based multiplayer online games.