TPG to Acquire Aareon from Aareal Bank and Advent International for ~€3.9B
June 24, 2024
TPG, with CDPQ co-investing and Advent International reinvesting as a minority investor, will acquire Aareon — a Mainz-based European SaaS provider for the property industry — in a transaction valuing the business at approximately €3.9 billion. Aareal Bank and Advent are selling their stakes (Advent will reinvest a minority interest); closing is expected in H2 2024 and the deal is intended to provide Aareon with resources to accelerate product innovation and growth as an independent company.
- Buyers
- TPG, CDPQ, Advent International
- Targets
- Aareon
- Sellers
- Aareal Bank, Advent International
- Industry
- Cloud & SaaS
- Location
- Rhineland-Palatinate, Germany
- Transaction Type
- Buyout
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