TPG Capital

TPG Capital (formerly Texas Pacific Group) is a private investment company in California, USA.

Headquarters in FortWorth, Texas and San Francisco, California.

Organized in 1992.

The main direction in business is investment in company capital, acquisition/sale of assets, management of investment funds.

The firm invests in a wide range of industries including consumer/retail, media and telecommunications, mechanical engineering, technology, travel/leisure and healthcare.

The company's offices operate in Europe, Asia, Australia and North America.

History

2022

Entry to the exchange: raising $1 billion, capitalization $10 billion

On January 13, 2022, investment giant TPG Capital, which had previously bought and sold several large IT vendors, including Avaya and Sabre, entered the exchange. As part of the IPO, the company sold shares at a price of $29.5 and earned about $1 billion.

On the first day of trading on the Nasdaq floor (ticker - TPG), the value of TPG shares reached $34 (by the close of the exchange), which is 15% more than the price set by the company for IPO. Market capitalization on January 13, 2022 exceeded $10 billion.

The selling Avaya and Sabre investment giant TPG entered the exchange and earned $1 billion

From its founding in 1992 to January 2022, TPG invested in hundreds of companies in all sectors of the economy. The company invests in five multi-product platforms and offers investors access to them: private markets, public markets, impact investment funds, real estate. Before entering the exchange, TPG managed assets worth $109 billion, which is less than the largest competitors, including Blackstone, which controls assets worth $731 billion.

According to The New York Times in the issue of January 13, 2022, the listing of TPG Capital has become the largest since the beginning of the year, and banks are closely monitoring the company's performance to control the situation in the IPO market. According to DealBook analysts, entering the exchange will help TPG prepare the business for the future, and also gave a new source for investing and paying employees. In addition, TPG intends to use the funds raised from the listing to repurchase minority stakes owned by third-party investors.

We will continue to develop the business as we have done historically - organic growth, the search for new opportunities and the development of them, "TPG CEO John Winkelrid said in an interview with Reuters.

The agency notes that TPG's stock market debut came ten years after most of the major competitors went public. The company spent years recovering from a series of failed investments in the 2000s and diversifying its direct investment platform into growing projects and projects with social influence.^[1]

Wind River IoT Software Manufacturer Sale for $4.3 Billion

In early January 2022, the Aptiv technology company bought the manufacturer of IoTWind River software from TPG Capital. The deal is estimated at $4.3 billion. More details here.

2021

Buying SaaS Boomi Integration Service

In early May 2021, Dell announced an agreement to sell Boomi to investment companies Francisco Partners and TPG Capital for $4 billion. It is planned to close the deal before the end of 2021. More details here.

Purchase of Thycotic Password Management Software Developer

In early March 2021, TPG Capital announced the purchase of password management tools developer Thycotic for $1.4 billion. TPG Capital plans to merge the company with a technology developer acquired at the end of January 2021 to organize the centralized management of cross-platform systems and mobile devices of the Centrify enterprise. More details here.

2020

Investing in the developer of the Calm meditation application

In early December 2020, the developer of the application for meditation, sleep and relaxation Calm attracted new investments and were valued at $2 billion. The main investors were Goldman Sachs Group Lightspeed Venture Partners, TPG and. Insight Partners More. here

Sale of 17.4% of FESCO shares to Mikhail Rabinovich

2018: Purchase Wind River

On April 3, 2018, it became known about the sale of the Intel-owned developer of industrial IoT platforms Wind River. The "daughter" of the American processor giant is bought by a private investment company TPG Capital. The financial terms of the agreement are not disclosed. It is only known that the transaction is supposed to be closed in the second quarter of 2018. More details here.

2017: Purchase of Kindred Healthcare

On December 19, 2017, the sale of Kindred Healthcare was announced  for $4 billion. The company specializing in rendering services in rehabilitation of patients   Carson, Anderson & Stowe buy the American insurance giant Humana and private investment fondyTPG Capital and Welsh. More details here.