Press Releases

2018 | 2017 | 2016 | 2015
DateTitle 
08/10/18Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets
The Rise Fund Leads Round As Startup Expands Markets10 August, 2018. San Mateo, CA, US. Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments, and the Bank of Industry. Mines plans to use its ... 
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07/31/18The Rise Fund Investing $130 Million in K-8 Math Education Technology Company DreamBox Learning
Investment Expands Global Focus on  Social Impact Through Personalized LearningSEATTLE AND SAN FRANCISCO —JULY 31, 2018— DreamBox  Learning®, the company that pioneered  Intelligent Adaptive Learning™ technology, and The Rise Fund, a global impact  investing fund managed by TPG Growth, have signed an agreement for a $130  million investment in the education technology company. This investment will be  The Rise Fund’s largest education investment to date and continue... 
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07/31/18SS&C to Acquire Eze Software from TPG For $1.45 Billion
Acquisition will integrate Eze’s market-leading OMS capabilities into  SS&C’s broader suite offerings for traditional and alternative asset  managersBoston – July 31, 2018 –   Eze Software, a global provider of investment technology, today  announced that SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), has entered  into a definitive agreement to acquire the company from its previous owner, TPG  Capital – the private equity platform of global alternative... 
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07/31/18TPG Leads $100 Million Equity Investment in Five Star Business Finance
Mumbai – July 31, 2018 – TPG, the global alternative asset firm,  today announced that it has signed a definitive agreement to invest in Five  Star Business Finance Limited (Five Star) a fast-growing, fully-secured small  business financing company focused on South India. Existing investors Norwest  Venture Partners, an investment fund managed by Morgan Stanley, and Sequoia  Capital are investing alongside TPG Capital Asia. The company’s first investor,  Matrix Part... 
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07/30/18TPG Growth Agrees to Sell Discovery Midstream to KKR and Williams
San Francisco and  Fort Worth, Texas – July 30, 2018 – TPG Growth, the middle market and  growth equity platform of alternative asset firm TPG, announced today it has  signed a definitive agreement to sell Discovery Midstream (“Discovery”) to a  newly-formed joint venture between KKR and Williams (NYSE: WMB) for approximately  $1.2 billion. The transaction is expected to close in the third quarter and is  subject to customary closing conditions. Discovery is a p... 
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07/25/18TPG Invests in Sai Life Sciences
Integrated provider of drug discovery, development, and manufacturing services to leverage firm’s healthcare expertise for business growth Mumbai – July 25, 2018 – TPG, the global alternative asset firm, announced today that it has partnered with and acquired a significant minority stake in Sai Life Sciences (Sai), one of India’s largest and fastest growing drug discovery, development, and manufacturing service providers. TPG Capital Asia acquired the equity stake from Tata Capital. Finan... 
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07/20/18ADIA and TPG to partner with UPL Corporation for Arysta LifeScience acquisition
Mumbai, San  Francisco, and Fort Worth - July 20, 2018 – A wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”),  and leading global alternative asset firm TPG, have partnered with UPL  Corporation Limited (“UPL Corp”) to support UPL Corp’s planned acquisition of  Arysta LifeScience Inc. and its subsidiaries (collectively, “Arysta”) from  NYSE-listed Platform Specialty Products Corporation. Arysta specialises in the  development, formulation, regis... 
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07/18/18BookMyShow raises USD $100 million in Series D funding led by TPG Growth
Mumbai – July 18, 2018 – Bigtree  Entertainment Pvt. Ltd., which owns and operates BookMyShow, announced today it  has executed definitive documents to raise USD $100 million in Series D funding  led by TPG Growth, the middle market and growth equity investment platform of  alternative asset firm TPG. The round also saw participation from existing  investors.  This fresh infusion of funds will fuel  BookMyShow’s growth plans as it transforms into the ultimate ‘... 
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07/12/18The Rise Fund Invests in Wilderness Holdings
In its second investment in Africa, The Rise Fund buys  stake in leading, Botswana-based ecotourism operator, Wilderness HoldingsSAN FRANCISCO AND GABORONE  – July 12th 2018 – The  Rise Fund, a global investment fund committed to achieving measurable social  and environmental outcomes alongside competitive financial returns, today  announced its second investment in Africa in Botswana-born Wilderness Holdings,  Ltd., a leading ecotourism group with operations in sev... 
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07/10/18TPG Growth Leads US$60 million Series C financing in Moretickets
Beijing, San Francisco, and Fort Worth - July 10, 2018 – TPG Growth, the middle-market and growth equity platform within leading global alternative asset firm TPG, today announced it has led a US$60 million Series C round of financing in Moretickets, China’s leading online ticketing platform. Proceeds of the funding will be used to further improve and advance Moretickets’ online ticket platform while continuing to provide more discounted tickets across an array of live entertainment events for u... 
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07/05/18TPG Growth’s Asia Healthcare Holdings (AHH) raises $50 million from Sheares Healthcare
AHH to leverage expertise of leading healthcare  executives and investors to transform specialty healthcare in South AsiaMumbai – July 5, 2018 - Asia Healthcare Holdings  (AHH), an operating and investment platform founded by TPG Growth, the global  middle market and growth equity platform of TPG, today announced it has raised  $50 million from Sheares Healthcare, an investor and provider of healthcare  delivery services. Sheares Healthcare, which is wholly owned by... 
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06/26/18TPG Capital Completes Acquisition of IoT Software Provider Wind River
ALAMEDA, CA, and SAN FRANCISCO, CA – June 26, 2018 – TPG Capital (TPG), the global private equity platform of alternative asset firm TPG, announced today that it has completed its acquisition of Wind River®, a leader in delivering software for the Internet of Things (IoT). TPG’s acquisition of Wind River from Intel® was announced on April 3, 2018. Terms of the transaction are not being disclosed.For nearly 40 years, Wind River has helped the world’s technology leaders power generation after gene... 
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06/20/18TPG Capital Partners with Anastasia Beverly Hills
Leading  beauty brand will leverage support of global investor to further its growth and  international expansionLos Angeles, San Francisco, and Fort Worth, Texas – June 20, 2018 – TPG  Capital (TPG), the private equity platform of global alternative asset firm  TPG, announced today that it has entered into an agreement to make a strategic  minority investment in Anastasia Beverly Hills, a high-growth, prestige beauty  company. TPG is partnering with Anastasia Bever... 
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06/18/18TPG Growth and The Rise Fund to Acquire CLEAResult
Largest provider of energy efficiency programs in North America looks to expand innovation and technology-enabled solutions for utilitiesAustin, TX, Fort Worth, TX and San Francisco, CA – June 18, 2018 – TPG Growth and The Rise Fund today announced that they have signed an agreement to acquire CLEAResult, the country’s leading provider of energy efficiency solutions for utility companies. TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, a global impact inve... 
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06/18/18Revetas announces acquisition of TriGranit from TPG Real Estate
Revetas,  a specialist real estate investment manager focusing on the Central and Eastern  Europe (‘CEE’) region, together with funds managed by Goldman Sachs Asset  Management, announced it has acquired TriGranit from TPG Real Estate, the real  estate platform of global alternative asset firm TPG. Terms of the transaction  were not disclosed.TriGranit’s  high-quality portfolio of Central and Eastern European assets comprises a total  gross leasable area (GLA) ... 
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06/15/18The Rise Fund Invests $70 Million in Fourth Partner Energy, a Leading Provider of Distributed Solar Solutions
Rooftop systems installed by Fourth Partner Energy will help companies reduce power costs and avert more than 16 million tons of atmospheric carbon   Mumbai, India, June 15, 2018 – Today, Fourth Partner Energy announced a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala, and Vikas Saluguti, Fourth Partner Energy is India's leading distr... 
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06/07/18SutroVax Announces $85M Series C Financing led by TPG Growth
Provides growth capital to advance pneumococcal  vaccine to clinic and beyondPreeminent executive vaccinologist, Moncef  Slaoui, appointed Board ChairmanStrategic alignment established with Lonza  Pharma & Biotech to create end-to-end supply chainFoster City, CA, June 7, 2018 – SutroVax, a biopharmaceutical company dedicated  to the delivery of best-in-class conjugate vaccines and novel complex antigen-based  vaccines to prevent serious infectious diseases, today ann... 
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06/05/18Cranemere to Acquire NorthStar Anesthesia from TPG Growth
Leading Anesthesia Care Provider Poised to Expand Under Cranemere’s   Long-Term Partnership-Driven Ownership ModelNEW YORK, SAN  FRANCISCO, LONDON, June 5, 2018 – Cranemere, a holding company that partners  with outstanding businesses for the long-term, today announced that it has entered  into an agreement to acquire a majority stake in NorthStar Anesthesia (“NorthStar”  or the “Company”), one of the country's leading anesthesia care providers, from  TPG Growth, ... 
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06/04/18TPG Closes its Acquisition of Abengoa SA’s Transmission Assets
Transaction provides critical infrastructure assets with a supportive new shareholderSan Francisco and Fort Worth, Texas – June 4, 2018 – TPG, the global alternative asset firm, today closed its previously announced acquisition of Abengoa SA’s (Abengoa) operating electricity transmission line assets in Brazil. The assets generated Annual Permitted Revenue (“RAP”) of BR$ 580 million.The assets, which were acquired from Abengoa’s Judiciary Recovery process, consist of seven brownfield transmission... 
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05/29/18TPG Growth Joins First Atlantic Capital as A Significant Investor in Resource Label Group
New investment provides leading full-service label manufacturer with significant  additional resources to drive growth New York and San  Francisco – May 29, 2018 - First  Atlantic Capital, Ltd. (“First Atlantic”), a New York-based private investment  firm specializing in acquiring and growing mid-size companies, today announced  that TPG Growth, the global middle market and growth equity platform of  alternative asset firm TPG, has made a significant investment in ... 
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05/17/18TPG Growth to Acquire HALO Branded Solutions
Leading promotional products distributor to leverage firm’s experience in business services Sterling, IL; Fort Worth, Texas; and San Francisco – May 17, 2018 – TPG Growth, the middle market and growth equity platform of global alternative investment firm TPG, announced today that it has partnered with management to acquire HALO Branded Solutions, a leading marketing services platform that distributes promotional products and provides employee recognition services. TPG Growth acquired the company... 
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05/14/18In First Major Commitment in Africa, The Rise Fund Leads $47.5 Million Series C for Cellulant, Leading African Digital Payments Provider
In First Major Commitment in Africa, The Rise Fund Leads $47.5 Million Series C for Cellulant, Leading African Digital Payments ProviderMarking its debut on the continent, The Rise Fund, a global impact investing fund managed by TPG Growth, invests in digital payments provider that is transforming financial technology services across sub-Saharan AfricaSan Francisco, Nairobi & Lagos – May 14, 2018– The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, tod... 
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05/03/18Leading Skincare Brand, Rodan + Fields Partners with TPG
Industry Disruptor to Leverage Minority Partner to Accelerate Next Phase of GrowthSan Francisco, May 3, 2018— Rodan + Fields, LLC, the #1 skincare brand in the US[1], announced today that TPG Capital, the global private equity platform of alternative asset firm TPG, has made a strategic minority investment in the Company. TPG will take a minority stake and help Rodan + Fields continue to accelerate its next phase of growth as it transforms the skincare industry with its dermatology-inspired skin... 
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04/28/18TPG leads US$1.9 billion round of financing in Baidu financial services group
Beijing, Hong Kong, San Francisco and Fort Worth - April 28, 2018 –TPG, a global alternative asset firm, today announced that it has led a consortium of investors in providing US$1.9 billion of financing to the spinoff of Baidu financial services group (“Baidu FSG”, to be rebranded as Du Xiao Man) from its parent company Baidu Inc. (NASDAQ:BIDU), the leading Chinese language Internet search provider. TPG and its co-investors will together invest approximately US$1 billion in the deal. The transa... 
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04/23/18Humana, Together with TPG Capital and Welsh, Carson, Anderson & Stowe, Announce Agreement to Acquire Curo Health Services
Provides parties with ownership interest in one of the nation’s leading hospice operators Humana to have a 40% minority interest in CuroLOUISVILLE, Ky. & SAN FRANCISCO & NEW YORK & MOORESVILLE, N.C.-- Humana Inc. (NYSE:HUM), TPG Capital (TPG), Welsh, Carson, Anderson & Stowe (WCAS) (collectively, the Consortium) today announced a definitive agreement to acquire privately held Curo Health Services (Curo), one of the nation’s leading hospice operators providing care to patients at ... 
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04/12/18Malcolm Jackson to join TPG as Managing Director
TPG expands financial institutions experience in Australia FORT WORTH, Texas & SAN FRANCISCO, April 12, 2018 — TPG, a leading global alternative asset firm, announced today that it has appointed Malcolm Jackson as Managing Director. Jackson will be based in Melbourne and will report into Joel Thickins, Head of Australia and New Zealand. "Joel and his team continue to take meaningful steps in growing and differentiating TPG's private equity business in Australia," said Tim Datte... 
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04/03/18Wind River to be Acquired by TPG
ALAMEDA, Calif. – April 3, 2018 – Wind River® today announced that global alternative asset firm TPG will acquire the company from Intel. Wind River President, Jim Douglas, and his existing executive management team will lead the newly independent Wind River after the transaction closes.“Our technology team is focused on backing strong, market-leading companies in growing industries,” said Nehal Raj, Partner and Head of Technology investing at TPG. “We see a tremendous market opportunity in indu... 
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04/03/18RefleXion Medical Raises $100 Million Series C to Commercialize Revolutionary Cancer Treatment
World’s Only Biology-Guided Radiation Therapy Could Help Millions More Patients Worldwide  Hayward, CA – April 3, 2018 - RefleXion Medical, a medical technology company developing the first and only biology-guided radiotherapy system (BgRT) for targeted cancer treatment, announced today it has raised a more than $100 million Series C round of funding led by The Rise Fund, the global impact investment fund managed by TPG Growth. Also participating were T. Rowe Price Associates, Inc., GT Heal... 
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04/03/18Pfizer and Allogene Therapeutics Enter Into Asset Contribution Agreement for Pfizer’s Allogeneic CAR T Immuno-oncology Portfolio
Creates alliance with Allogene Therapeutics, a biotechnology company co-founded and led by former executives of Kite Pharma that is positioned to expedite the development of allogeneic CAR T cell therapyAllogene Therapeutics, a Two River portfolio company, was formed with one of the largest Series A financings in biotechnology of $300 million from a premier investment consortium that includes TPG, Vida Ventures, BellCo Capital, the University of California Office of the Chief Investment Officer ... 
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03/27/18Fortis Healthcare announces demerger of its Hospital Business into Manipal Hospitals
Creates the largest hospital services provider in the country by revenue Infuses INR 3,900 Crs of fresh capital from Manipal Hospital’s Dr. Ranjan Pai and TPG Capital Asia to complete RHT transaction and to fund growth initiatives Provides a strong promoter and shareholder base to both FHL’s hospitals businesses and SRL Offers significant growth potential and compelling business synergies Provides Fortis with INR 700+ Crs from sale of partial stake in SRLGurugram, 27 March, 2018: The Board of Di... 
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03/20/18TPG Pace Energy Holdings Announces $2.66 Billion Business Combination with EnerVest’s South Texas Division to Form Publicly Traded Magnolia Oil & Gas Corporation
Formation of Magnolia creates a large-scale, oil-weighted, pure-play South Texas independent oil and gas operatorAssets include top-tier positions in the Eagle Ford and Austin Chalk in the core of Karnes County and an extensive position in the Giddings Field, an emerging high-growth Austin Chalk playTPGE Chairman and CEO Steve Chazen will lead Magnolia on a full-time basis and reunite with another Occidental Petroleum veteran, Christopher Stavros, who w... 
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03/14/18Pray.com, A Social Network Connecting Communities Through Faith, Raises $14M in Series A Funding
Los Angeles, San Francisco, and Fort Worth, Texas – March 14, 2018 – Pray.com, an interfaith, mobile-first, social networking platform for faith-based communities and non-profits, has raised $14 million in a Series A round. This follows a seed round announced in June 2017 and brings the company's total funding to $16 million. TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, led the round with participation from existing investors Science Inc. and Grey... 
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02/20/18Wikia, Inc.'s FANDOM Announces Investment Led by Media Veteran Jon Miller
Global investor TPG backs leading media executive, Jon Miller, to help accelerate company's growthSAN FRANCISCO, Feb. 20, 2018 -- Wikia, Inc.'s FANDOM announced today that it has signed a definitive agreement for an investment from TPG-backed media and technology veteran, Jon Miller. The transaction is expected to close in March and is subject to customary closing conditions. Additional terms of the transaction were not disclosed.The investment will provide Wikia, Inc. with industry-leading reso... 
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02/15/18Reflektive Raises $60 Million to Reimagine People Management
TPG Growth leads round for company powering the future of real-time performance management, talent and leadership development San Francisco and Fort Worth, Texas – February 15, 2018 – Reflektive, the real-time performance management cloud company, today announced it has raised $60 million in Series C funding. The round was led by TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG. Existing investors Andreessen Horowitz and Lightspeed Venture Par... 
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02/09/18Medical Solutions to Acquire PPR
Transaction brings together complementary capabilities to further enable Medical Solutions’ growthCombination creates second largest travel nurse staffing Company in the U.S.OMAHA, Neb. & JACKSONVILLE, Fla. - February 9, 2018 - Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States, today announced it has signed a definitive agreement to acquire PPR, a provider of travel nurse staffing and interim leadership for acute and post-acute mark... 
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01/24/18RCN/Grande Closes Acquisition of Wave Broadband
Transaction expands RCN/Grande’s footprint to the West Coast, creating the nation’s sixth largest cable company Kirkland, Wash., Fort Worth, Texas, and San Francisco – January 24, 2018 – RCN/Grande, a nationwide broadband service platform controlled by TPG Capital, today closed its previously announced partnership with Wave Broadband (Wave). Wave is a leading regional broadband fiber company offering a full suite of high-speed data, video, and voice services to residential and business cu... 
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01/22/18Anand Mahindra joins The Rise Fund’s Founders Board
Chairman of India’s leading industrial group, Mahindra, to advise Rise on investment opportunities in IndiaSan Francisco and Fort Worth, Texas and Mumbai, India – January 22, 2018 – The Rise Fund, a global investment fund managed by TPG Growth that is committed to achieving measurable social and environmental outcomes alongside competitive financial returns, today announced that Anand Mahindra has joined the Rise Founders Board. As a member of the Founders Board Mahindra will grow The Rise Fund’... 
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01/19/18TPG Growth to Acquire TRACE, Africa’s Leading Music and Entertainment Company
Leveraging its global experience in media, entertainment and technology, TPG Growth to partner with TRACE’s co-founder and management to build a global leader for Afro-urban music and entertainment SAN FRANCISCO & PARIS & JOHANNESBURG—January 19, 2018 – TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, announced today that it has signed a definitive agreement to acquire a majority stake in TRACE, the market leader in afro-urb... 
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01/18/18Varo Money Closes $45M Series B Financing Round
Company Will Help Americans Achieve Better Financial Health With Frictionless, Mobile-First Banking With Tools That Smooth Cash Flow and Build SavingsSAN FRANCISCO—January 18, 2018—Varo Money, Inc., a mobile banking startup, announced today that it has closed a $45M Series B funding round led by existing investor Warburg Pincus, a global private equity firm focused on growth investing, and The Rise Fund, a global impact fund led by private equity firm TPG. The Rise Fund is committed to a... 
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01/17/18C3 IoT Raises $100 Million
Existing investors increase their positions validating C3 IoT’s leadershipTPG Growth is joined by The Rise Fund, recognizing C3 IoT’s contributions towards environmental and social benefitRedwood City, CA, Fort Worth, Texas and San Francisco – January 17, 2018 – C3 IoT, the leading AI and IoT software platform provider for digital transformation, today announced a new round of financing by existing investors TPG Growth, Breyer Capital, Sutter Hill, Pat House, and Thomas M. Siebel. Joining ... 
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01/12/18The Rise Fund Invests in Acorns, Marking Its First Social Impact Investment in FinTech
Investment underscores the acceleration of Acorns mission and commitment to financial inclusionIrvine, Calif., Fort Worth, Texas, San Francisco, Jan. 12, 2018 -- On the heels of its PayPal integration, Acorns, the country's leading micro-investing app, just surpassing          2.7 million investment accounts, today announced an investment from The Rise Fund, TPG’s global investment fund committed to achieving measurable social and ... 
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