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TPG Capital to sell Transporeon Group to Hg

Fort Worth, Texas;  San Francisco; and Ulm, Germany – January 29, 2019– Transporeon Group  (“Transporeon” or “the company”), a leading global cloud-based business network  for industrial logistics, today announced that Hg has entered into a definitive  agreement to acquire a majority interest in the company from existing investor TPG  Capital (“TPG”), the private equity platform of global alternative asset firm  TPG. Terms of the transaction are not being disclosed.

 Headquartered in Ulm, Germany, Transporeon is the leading  cloud-based logistics platform, linking manufacturers, retailers, and  wholesalers with logistics service providers via the largest network of its  kind. The group digitizes the entire logistics supply chain, providing  software-as-a-service (SaaS) solutions that connect a global network of over  1,000 shippers and trading companies, almost 90,000 carriers, and over 100,000  users in over 100 countries.

 TPG invested in Transporeon in 2016. Throughout the  partnership, TPG supported management in expanding the company internationally,  doubling its investment into research and development, and growing its suite of  platform-enabled visibility, data and data-related products both organically  and through the acquisition of market intelligence provider TIM Consult in  2018.

 "We are delighted with the progress that Transporeon  has made over recent years,” said Marc-Oliver Simon, co-founder and CEO of  Transporeon. “Today we have one of the world’s leading networks for logistics  connectivity offering best-in-class execution, visibility, and data products to  more customers than ever before.”

  "Our partnership with TPG has been hugely rewarding and  their experience in developing software companies has been very beneficial to  Transporeon’s continued momentum,” said Martin Mack, co-founder and CTO of  Transporeon. “We now look forward to working with Hg on the next step of our journey.”

 "In Transporeon we saw an opportunity to partner with a  strong management team to invest in a company that was well-positioned to  emerge as a leader in the rapidly growing supply chain technology space, a  sector that we’ve been closely following for many years,” said Malte Janzarik,  Partner at TPG Capital. “It has been a pleasure working with the entire  Transporeon team and we wish them all the best for the future.”

TPG’s technology team invests across a variety of  high-growth sectors globally. Select current and past investments include C3  IoT, EverFi, LLamasoft, Noodle.ai, Transplace, Wind River, and Zscaler.

Barclays and Jefferies served as  financial advisors to TPG Capital.

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About TPG
TPG is a leading global alternative asset firm founded in  1992 with more than $103 billion of assets under management and offices in  Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg,  Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s  investment platforms are across a wide range of asset classes, including  private equity, growth venture, real estate, credit, and public equity. TPG  aims to build dynamic products and options for its investors while also  instituting discipline and operational excellence across the investment  strategy and performance of its portfolio. For more information, visit www.tpg.com.

About Transporeon
Transporeon is the worldwide cloud platform for intelligent  transport logistics. Transporeon creates a digital connection between shippers  and their logistic partners and supports transparent and cost-efficient goods  flows across the globe. Transporeon also enables effective communication and  cooperation in the worldwide shipper and logistics provider community through  the digitalization of the entire logistic-supply chain.
The business connects a global network of over 1,000  shippers and trading companies, over 65,000 carriers (logistics and transport  providers, third party logistics providers, carriers and brokers) and over  100,000 users in over 100 countries through a series of  software-as-a-service-solutions, currently in 24 languages.
Unique on the market, the solutions of the Transporeon Group  include onboarding, regular advice and support with multilingual customer  support. This guarantees an individual, customized solution for every customer,  improves the performance of the shippers/logistics providers and lowers the  costs with simultaneous optimization of the logistics providers’ margins and  reduction of CO2 emissions. The services of the Transporeon platform are  ISO-27001 certified. The group has international offices in Europe, Russia,  Asia and the USA. The headquarters of the Transporeon Group is in Ulm (Germany).
 www.transporeon-group.com

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 Media Contacts
 TPG (US)
 
Luke Barrett
 media@tpg.com
 
  TPG (Europe)
 
Alex Jones
  tpg@greenbrookpr.com