Technology investment leaders, Francisco Partners and TPG, have agreed to purchase the renowned observability platform New Relic (NYSE: NEWR) for $87 per share in an all-cash transaction. This purchase values New Relic at an approximate equity valuation of $6.5 billion. Positioned as a frontrunner in the field of observability, New Relic arms engineers with a […]
In a move to strengthen its presence in the healthcare IT solutions space, global alternative asset firm TPG announced today that it is set to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions for specialty physician practices. The definitive agreement, involving an investment of $1.4 billion through TPG Capital, sees TPG […]
American recycling and waste management company Keter Environmental Services and Waste Harmonics, a waste management consolidation service provider, have entered into a definitive agreement to merge. The financial terms of the transaction were not disclosed. Keter Environmental Services is currently owned by alternative asset management firm TPG, while Waste Harmonics, which is a technology-enabled waste […]
Cyber security company McAfee has signed a deal worth over $14 billion to be acquired by an investor consortium led by Advent International and others. The other investors in the buying group are Permira Advisers, Canada Pension Plan Investment Board (CPP Investments), Crosspoint Capital Partners, GIC Private Limited, and a fully-owned subsidiary of the Abu […]
Airtel Africa has secured an investment of $200 million for its mobile money business – Airtel Mobile Commerce (AMC BV) from TPG’s global impact investing platform The Rise Fund. Currently, Airtel Mobile Commerce is the holding firm for many of Airtel Africa’s mobile money operations. The company is now planned to own and operate the […]
Online education platform Nerdy is set to become a publicly listed company via a $1.7 billion worth merger deal with TPG Pace Tech Opportunities, a special purpose acquisition company (SPAC). TPG Pace Tech Opportunities is a publicly-traded company owned by global alternative asset firm TPG. In its October 2020 initial public offering (IPO) TPG Pace […]
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail Ventures Limited (RRVL) through multiple deals. On Sunday, the Indian conglomerate owned by Mukesh Ambani struck a deal worth INR 18.37 billion ($250 million) with global investment firm TPG in exchange for a 0.41% stake in Reliance […]
UK life insurance giant Aviva has agreed to divest a majority stake in Aviva Singapore to a consortium led by Singapore Life (Singlife) for SGD 2.7 billion (£1.6 billion), in a move to help create one of the top insurance companies in Singapore. The deal will see the merger of Singlife, which is a Singapore-based […]
Reliance Industries has bagged two more investments for its digital services platform Jio Platforms, totaling about INR 64 billion ($850 million) in separate deals with global alternative asset firm TPG and L Catterton, a consumer-focused private equity firm. TPG has agreed to invest INR 45.46 billion ($600 million) in Jio Platforms for a stake of […]