TPG Capital

TPG Capital (formerly Texas Pacific Group) is a private equity firm in California, United States.

Headquarters in the cities of FortWorth, Texas and San Francisco, California.

Organized in 1992.

The main business area is investment in the capital of companies, 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 has offices in Europe, Asia, Australia and North America.

History

2025: Buying Hologic with Blackstone for $18.3 billion

American investment companies Blackstone and TPG Capital buy women's health technology developer Hologic with an enterprise value estimate (EV) of up to $18.3 billion. This was announced in October 2025 by Hologic. Buyers will purchase all Hologic shares in circulation for $76 apiece. The transaction will be paid in cash. If the company reaches certain revenue indicators, shareholders will be able to receive up to $3 per share. The deal is expected to close in the first half of 2026. Read more here

2022

Going public: raising $1 billion, capitalizing $10 billion

On January 13, 2022, investment giant TPG Capital, which had previously bought and sold several large IT vendors, including Avaya and Sabre, went public. 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 site (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 the IPO. Market capitalization on January 13, 2022 exceeded $10 billion.

TPG investment giant that sold Avaya and Sabre went public 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 going public, TPG managed $109 billion in assets, which is less than the largest competitors, including Blackstone, which controls $731 billion in assets.

According to The New York Times in the January 13, 2022 issue, the TPG Capital listing 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. Going public will help TPG prepare the business for the future and also provide a new source for investing and paying employees, DealBook analysts said. In addition, TPG intends to use the funds raised from the listing to redeem minority stakes owned by third-party investors.

We will continue to grow the business as we have historically done - organic growth, finding new opportunities and developing them, TPG CEO John Winkelried told Reuters in an interview.

The agency notes that TPG's stock market debut comes a decade after most major competitors went public. The company has spent years recovering from a string of failed investments in the 2000s and diversifying its private equity platform into growing and socially influential projects.^[1]

Sale of IoT software manufacturer Wind River for $4.3 billion

In early January 2022, the technology Aptiv company bought the manufacturer ON for IoT Wind River from TPG Capital. The deal is estimated at $4.3 billion. More. here

2021

Purchase of service for integration of SaaS Boomi applications

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 by the end of 2021. Read more here.

Purchase of Thycotic Password Management Software Developer

In early March 2021, TPG Capital announced the purchase of password management tool 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 centralized management of cross-platform systems and mobile devices of the Centrify enterprise. Read more here.

2020

Investing in meditation app developer Calm

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

Sale of 17.4% of FESCO shares to Mikhail Rabinovich

On November 20, 2020, Interfax announced that the American TPG Capital had left the shareholders of the FESCO transport group, its 17.4% stake was acquired by a businessman, co-owner of LOKO-Bank Mikhail Rabinovich. Read more here.

2018: Wind River Purchase

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

2017: Buying Kindred Healthcare

On December 19, 2017, the sale of Kindred Healthcare for $4 billion was announced. The company specializing in the provision of patient rehabilitation services is bought by the American insurance giant Humana and private investment  funds TPG Capital and Welsh, Carson, Anderson & Stowe. Read more here.