TPG Rise Fund Leads Series C Investment in BillEase

The Rise Fund (TPG) Invests $200M in Airtel Africa's Mobile Money Business (AMC BV)

March 18, 2021

Payments & Fintech

The Rise Fund, TPG’s impact investing platform, will invest $200 million for a minority stake in Airtel Mobile Commerce BV (AMC BV), Airtel Africa’s mobile money business, valuing the business at $2.65 billion on a cash- and debt-free basis. Airtel Africa will retain a majority stake; proceeds are earmarked to reduce group debt and invest in network and sales infrastructure, and Airtel aims to explore a potential listing of the mobile money business within four years.

Luminate Capital Partners Invests in Ease, Inc.

March 7, 2023

Cloud & SaaS

Luminate Capital Partners has made a majority-stake growth investment in Ease, Inc., a San Clemente–based provider of plant floor audit SaaS for manufacturers. The investment will fund product development and global growth while Spotlight Equity Partners, the prior majority shareholder, retains a minority stake.

Bregal Unternehmerkapital Makes Majority Investment in Billbee GmbH

November 8, 2023

Cloud & SaaS

Funds advised by Bregal Unternehmerkapital have made a majority investment in Billbee GmbH, a Twistetal-based provider of multichannel e-commerce SaaS for small retailers in the DACH region. Billbee will serve as the nucleus of an e-commerce software group to pursue organic growth and add-on acquisitions; founder Jan Krause will retain a stake and the company will continue to be led by Managing Director David Pohlmann.

TPG Growth and The Rise Fund Acquire Majority Stake in Greenhouse

January 14, 2021

Software

TPG Growth and The Rise Fund have signed a definitive agreement to become majority investors in Greenhouse, the hiring software provider. The investment will support product innovation, market expansion, and enhancements to Greenhouse’s diversity, equity and inclusion hiring solutions; financial terms were not disclosed.

TPG Rise Combines Element Markets and Bluesource to Form Global Decarbonization Platform

February 24, 2022

Renewable Energy

TPG Rise (via TPG Rise Climate and The Rise Fund) has taken majority ownership to combine Element Markets and Bluesource into a vertically integrated global decarbonization platform, with NGP ETP joining the investment and GEF Capital Partners remaining as an investor. The combined business will market and originate carbon and environmental credits and provide advisory, project development and renewable natural gas marketing services to corporate and institutional clients.

The Rise Fund Invests in Pearl Dairy

November 7, 2019

Food & Beverage

The Rise Fund, TPG's global impact investment fund, has invested in Pearl Dairy, Uganda's largest dairy processor, to support expansion and strengthen its smallholder farmer supply chain. As part of the transaction, Rise Fund representatives will join Pearl Dairy's board to help scale processing capacity, enhance operations, and expand the company's reach across Africa and into select Asian markets.