Vocus Acquires TPG Telecom's Enterprise, Government and Wholesale Fixed Business for A$5.25bn

TPG Acquires Peppertree Capital Management

July 2, 2025

Infrastructure

TPG Inc. has completed its acquisition of Peppertree Capital Management, adding a $7.8 billion communications infrastructure investing strategy that will operate as TPG Peppertree. The business will be led by Peppertree's Co-Managing Partners Howard Mandel and Ryan Lepene and expands TPG's footprint in digital infrastructure, bringing pro forma AUM to $258 billion.

e& Acquires Controlling Stake in PPF Telecom and Completes Acquisition of GlassHouse

October 30, 2024

Telecommunications

e& completed the acquisition of a controlling stake (50% plus one economic share) in PPF Telecom’s service and infrastructure companies across Bulgaria, Hungary, Serbia and Slovakia, expanding its telecom footprint into Central and Eastern Europe. Separately, e& (via e& enterprise) completed a 100% acquisition of Turkey-based GlassHouse, a managed cloud and SAP infrastructure services provider, to deepen its enterprise cloud and managed services capabilities.

TPG Acquires Forcepoint Global Governments and Critical Infrastructure (G2CI) Business

July 10, 2021

Cybersecurity

TPG, through its TPG Capital private equity platform, acquired Forcepoint's Global Governments and Critical Infrastructure (G2CI) cybersecurity business and established it as an independent company focused on defense, intelligence and critical infrastructure customers. The transaction separates Forcepoint's Commercial and G2CI businesses; Francisco Partners will retain a minority stake in the newly independent G2CI business and Sean Berg was named CEO with Peter Leav joining as Executive Chairman.

TPG and La Caisse (with Pike Management) Acquire Majority Stake in Pike Corporation; Lindsay Goldberg Sells Interest

December 19, 2025

Infrastructure

Lindsay Goldberg has completed the sale of its interest in Pike Corporation following a 25-year partnership. The transaction transfers a majority stake to TPG and Caisse de dépôt et placement du Québec (La Caisse), alongside Pike management, positioning Pike for accelerated growth in U.S. electric-grid, renewables and telecom infrastructure services.

PSG and TPG Complete Recapitalization of Government Brands

August 5, 2021

Software

Government Brands, an Alpharetta, Georgia-based provider of government software and integrated payment solutions, announced a recapitalization co-led by growth equity firm PSG and global alternative asset firm TPG. PSG retains its majority stake, TPG becomes a significant minority investor, and Greater Sum Ventures (GSV) exits; proceeds will be used to accelerate technology development and expand the company's government-focused software and payments platform.

TPG Acquires Majority Stake in Five Good Friends

April 8, 2025

Healthcare Services

TPG has acquired a majority interest in Five Good Friends, the Australian technology-enabled home care provider, with co-founders Simon Lockyer and Nathan Betteridge retaining significant stakes and EQT retaining a minority stake. The investment will fund scaling of Five Good Friends' home care operations and its Lookout care-management SaaS platform to expand service delivery across Australia.