Houlihan Lokey Advises TA Associates

Houlihan Lokey is pleased to announce that TA Associates has completed a majority investment in PairSoft, a leading provider of accounts payable automation software and B2B payments solutions. The transaction was announced on December 17, 2025.

The partnership will support PairSoft’s continued product enhancement, innovation, and global expansion. As a result of the transaction, existing investor Turn/River Capital will fully exit its stake in the business.

PairSoft offers a comprehensive suite of procure-to-pay (P2P) automation and payment solutions that streamline accounts payable, procurement, payment, and document management workflows for middle-market and enterprise organizations globally. The company’s AI-driven solutions integrate natively with major ERP systems, including Oracle, Oracle NetSuite, Microsoft Dynamics, Blackbaud, and Sage Intacct, enabling finance teams to streamline processes and achieve greater visibility across the P2P lifecycle.

PairSoft allows finance teams that face constant pressure to modernize quickly while navigating increasingly complex operational demands. The company’s solutions combine AI-based intelligent automation, seamless ERP integration, and payment functionality to offer a modern infrastructure for the office of the CFO.

PairSoft currently serves more than 1,500 customers across North America and Europe, and continues to expand its reach. The company will continue to operate independently as part of the TA Associates portfolio.

Houlihan Lokey served as financial advisor to TA Associates. Financial terms of the transaction were not disclosed.

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