Press Releases

2016 | 2015
DateTitle 
08/22/16Sanghoon Lee to Join TPG as Partner
Former Morgan Stanley Executive to lead TPG Capital Asia's Investment Strategy in South KoreaFort Worth, Texas and San Francisco, August 22, 2016 – TPG, a leading global alternative asset firm, announced today that it has named Sanghoon Lee as a Partner at the firm. Lee will be responsible for leading TPG Capital Asia's investment activities in South Korea, further expanding the firm's presence in the Asia-Pacific region.‎ "Many years of investing in Asia have reinforced my conviction in the... 
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08/22/16Ron Labrum Named Chairman of Beaver-Visitec International’s Board of Directors
Experienced Healthcare Executive to Oversee Continued Growth of Leading Ophthalmology PlatformTPG Capital Successfully Completes Acquisition of BVIFort Worth, Texas and San Francisco, August 22, 2016 – TPG Capital, the North American- and European-focused private equity platform of leading global alternative asset firm TPG, today announced that Ron Labrum has been appointed Chairman of the Board of Beaver-Visitec International ("BVI"). The appointment comes alongside the close of TPG's acquisiti... 
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08/18/16Nutrinia Announces $30 Million Series D Financing to Fund Clinical Development of Lead Product
Proprietary Oral Formulation of Insulin to Treat Intestinal Malabsorption in Infants Ramat-Gan, Israel and Morristown, NJ, August 18, 2016 – Nutrinia, Ltd. ("Nutrinia"), a company developing a proprietary oral formulation of insulin for intestinal malabsorption in preterm newborns and Short Bowel Syndrome (SBS) in infants, today announced the closing of a $30 million Series D financing to fund two pivotal trials for registration. TPG Biotech, the life science venture investment arm of lead... 
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08/15/16TPG Capital to Acquire RCN Telecommunications and Grande Communications for $2.25 Billion
Companies to be combined into a market leading high-speed data services providerFort Worth, TX and San Francisco – August 15, 2016 – TPG Capital, the global private equity fund of leading alternative asset firm TPG, today announced it has entered into definitive agreements to acquire two regional broadband services providers, RCN Telecom Services, LLC ("RCN") and Grande Communications Networks LLC ("Grande"), in separate transactions from ABRY Partners ("ABRY") for $1.6 billion and $650 million,... 
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08/02/16TPG Capital to Acquire a Majority Stake in Leading Cloud-based Logistics Platform Transporeon
Experienced, global software and technology investor and leading, European cloud-based logistics platform company partner to drive growth and product innovation Fort Worth, Texas; San Francisco; and Ulm, Germany – August 2, 2016 – Transporeon, a leading European cloud-based business network for industrial logistics, today announced that TPG Capital, the North-American- and European-focused private equity platform of leading global alternative asset firm TPG, has entered into a definitive agreeme... 
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07/19/16TPG Growth Invests $33 Million in Rhea Healthcare
Mother and Child Care Network to Partner with Experienced Healthcare Investor TPG GrowthFort Worth, Texas; San Francisco; and Bengaluru — July 19, 2016 — TPG Growth, the $7B growth equity investment platform of TPG, today announced a $33M investment for a significant majority stake in Rhea Healthcare Pvt. Ltd (“Rhea Healthcare”). Bengaluru-based Rhea Healthcare operates a network of mother and child care centers in India under the “Motherhood” brand. “This latest invest... 
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07/18/16TPG Capital Acquires Beaver-Visitec International
Experienced Healthcare Investor to Partner with Leading Ophthalmology Platform Fort Worth, Texas and San Francisco, July 18, 2016 – TPG Capital, the North American- and European-focused private equity fund of leading global alternative asset firm TPG, today announced it has entered into a definitive agreement to purchase Beaver-Visitec International ("BVI" or the "Company") from RoundTable Healthcare Partners ("RoundTable"). BVI is a leading global developer, manufacturer, and marketer of ... 
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06/20/16TPG Growth to Acquire 40 Percent Stake in One Network Bank from BDO
Fort Worth, Texas; San Francisco; and Makati, Philippines — June 20, 2016 — TPG Growth, the middle market and growth equity investment platform of TPG, is announcing an agreement with BDO Unibank, Inc., to acquire a 40 percent stake in One Network Bank (ONB). Based in Davao, ONB is the rural bank subsidiary of BDO, with more than 100 branches and offices. Following the transaction, BDO will retain approximately 60 percent ownership in ONB.“We look forward to working with TPG ... 
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06/15/16Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project
Loan Will Bring Apollo Towers and Mobile Connectivity to More Rural Areas in Myanmar(June 15, 2016; New York; San Francisco; Washington, DC; and Yangon) — The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well as a historic milestone i... 
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06/13/16Hunt Oil Company and TSSP Announce Agreement to Jointly Develop Midland Basin Acreage
DALLAS and SAN FRANCISCO, June 13, 2016-TSSP, a leading special situations investment platform, and Hunt Oil Company, a privately held oil and gas exploration and production company, today announced an agreement to develop certain of Hunt Oil's assets in the Midland Basin in Texas. The development area covers approximately 18,000 net acres across Martin, Glasscock, Midland and Upton counties.  Under the agreement, TSSP has committed up to $400 million to fund the development whi... 
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05/17/16Greenfield Cities Holdings Makes First Investment in Israel
Backed by TPG Growth and based in Israel, Greenfield to target early growth-stage companies in the technology sector, following deal with AvananTel Aviv, Israel, Fort Worth, Texas, and San Francisco — May 17, 2016 — Greenfield Cities Holdings, L.P. (“GFC”), a company focused on investing in and nurturing early growth-stage companies, today announced that it has made its first investment, in Avanan Inc., a provider of SaaS tools for cloud security management. The investment aligns with GFC’s... 
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05/09/16TPG Closes TPG Partners VII at $10.5 Billion
Fort Worth,  Texas, and San Francisco — May 9,  2016 — Leading global alternative asset firm TPG today announced the final  close of its latest North American- and European-focused private equity fund, TPG  Partners VII. The fund raised $10.5 billion in commitments, including $400  million from TPG and its personnel. TPG Partners VII has so far invested $2.1  billion across six companies, including Cirque du Soleil, real estate firm Cushman  & Wakefield, ed... 
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05/02/16Bain Capital Private Equity and Vista Equity Partners Acquire Vertafore From TPG
Leading private investors partner to acquire the insurance industry’s largest technology company Bothell, WA. – May 2, 2016 – Vertafore, the leader in modern insurance technology, today announced that funds affiliated with Bain Capital Private Equity and Vista Equity Partners have entered into a definitive agreement to jointly acquire the company from TPG Capital. The sale is expected to close during the third quarter. Additional terms of the transaction were not disclosed. “We are thril... 
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04/28/16TPG Growth Acquires Frank Recruitment Group
Experienced global investor acquires leading staffing and recruiting business focused on the enterprise software marketLondon, Fort Worth and San Francisco — April 28, 2016 — TPG Growth, the middle market and growth equity investment platform of TPG, today announced the closing of its acquisition of Frank Recruitment Group (“FRG”), a global staffing and recruiting business focused exclusively on the enterprise software market. TPG Growth acquired a majority stake in FRG from its founders and UK-... 
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04/27/16TPG Growth Acquires Majority Stake in Cancer Treatment Services International
Leading healthcare investor to help drive growth for top cancer treatment network in IndiaFort Worth, Texas and San Francisco — April 27, 2016 — TPG Growth, the middle market and growth equity investment platform of TPG, a leading global private investment firm, today announced it will acquire a majority stake in Cancer Treatment Services International (CTSI), a leader in the comprehensive treatment of cancer. Additional details of the transaction were not disclosed.CTSI owns and operate... 
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04/18/16Janalakshmi Announces $210 Million Equity Round, Led by TPG
Infusion of capital will build upon the company’s growth and aid conversion into Small Finance BankBangalore, Fort Worth, Texas, and San Francisco—April 18, 2016—Janalakshmi Financial Services Limited (“Janalakshmi”) today announced a $150 million (INR 10 billion) round of primary equity financing led by global private investment firm TPG. In addition, secondary transactions aggregating $60 million (INR 4 billion) will provide partial exits to existing investors. TPG’s investment adds to ... 
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03/28/16TPG Appoints Joel Thickins Country Head of Australia
FORT WORTH, Texas & SAN FRANCISCO, March 28, 2016 -- TPG, a leading global alternative asset firm, announced today that it has appointed Joel Thickins as Country Head of Australia. Thickins most recently served as a Director at CHAMP, a leading private equity firm in Australia. He will be taking over the role of Country Head from Ben Gray, who will stay with TPG until the end of the year. “We are thrilled to have Joel join us and lead the next chapter of growth for our Austra... 
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03/21/16Nexeo Solutions Announces Merger Agreement with WL Ross Holding Corp.
Nexeo Solutions to become publicly traded on NASDAQNexeo Solutions to continue executing on long-term strategy with greater access to growth capital THE WOODLANDS, TX - March 21, 2016 -- Nexeo Solutions, a worldwide leader in chemical and plastics distribution, today announced that they have entered into a merger agreement with WL Ross Holding Corp. (NASDAQ CM: WLRH, WLRHU, and WLRHW), a special purpose acquisition company sponsored by WL Ross Sponsor LLC. As part of the transaction, valued at ... 
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03/14/16Leading Experts in Artificial Intelligence Launch Noodle.ai
TPG Growth backs Noodle.ai to help clients harness the power of data science March 14th, 2016 – San Francisco, CA – Executives previously from IBM Watson, GE Digital, Infosys, and MicroStrategy announced today that they have joined forces with TPG Growth to launch Noodle Analytics, Inc. (Noodle.ai), the Enterprise Artificial Intelligence (TM) company. Enterprise AI (TM) represents a major step forward in merging human learning and machine learning, all fueled by big ... 
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02/08/16Antonio Gracias, Bill McGlashan, and Peter Thiel Join Zenefits Board
Changes Come as new CEO David Sacks Reshapes CompanySAN FRANCISCO, CA — February 8, 2016 — Zenefits, the nation’s leading HR automation platform for small businesses, today announced the addition of three well-known investors to its Board of Directors. Antonio Gracias, founder and Managing Partner of Valor Equity Partners; Bill McGlashan, founder and Managing Partner of TPG Growth; and Peter Thiel, co-founder of PayPal and of Founders Fund, have joined the Zenefits Board of Direct... 
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01/11/16Jin-Yong Cai to Join TPG as Partner
Former Head of the IFC Will Help Expand TPG’s Investment Strategy in Emerging and Frontier Markets Fort Worth, Texas and San Francisco – January 11, 2016 – TPG, a leading global alternative asset firm, announced today that it has named Jin-Yong Cai as a Partner at the firm, effective February 1, 2016. Cai most recently served as the Executive Vice President and Chief Executive Officer of the International Finance Corporation (“IFC”), a member of the World Bank Group. In a newly-created rol... 
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01/11/16Baring Private Equity Asia Completes Acquisition of HCP from TPG
Acquisition to continue HCP’s strategy for growth HCP doubled in market growth under ownership of TPG CapitalShanghai – HCP (“HCP” or “the Company”) - January 11 2016 - one of the world’s leading primary packaging companies, today announced that Baring Private Equity Asia (“Baring Asia”) has completed the acquisition of HCP, whereby Baring Asia will acquire 100% of TPG Capital’s stake of the Company. This change of investor from its previous stakeholder TPG Capital does not affe... 
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