TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

TPG Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

CGE Partners and 22C Capital Invest in Aurora Energy Research

October 30, 2020

Data & Analytics

CGE Partners has invested in Aurora Energy Research to support the company's next phase of global growth, with 22C Capital co‑investing and Steve Halliday joining the board as Chairman. The investment backs founder and CEO Dr. John Feddersen and the existing management team to accelerate international expansion, new product development and future M&A; Aurora is an Oxford‑based provider of power and energy market data, analytics, reports and software with c.148 employees.

TPG Rise Climate Acquires Altus Power

February 6, 2025

Energy

TPG, through its TPG Rise Climate Transition Infrastructure strategy, acquired Altus Power, Inc. in an all-cash transaction at $5.00 per share, valuing the company at approximately $2.2 billion including outstanding debt. The deal—first announced on February 6, 2025—closed in April 2025, taking Altus Power private and positioning the company to scale its commercial-scale solar, energy storage and charging solutions.

TPG Rise Climate and GIC to Acquire Techem Group for €6.7 billion

October 1, 2024

Energy

TPG Rise Climate (lead investor) and GIC (minority investor) signed an agreement to acquire Techem Group from majority owner Partners Group and co-investors CDPQ and Ontario Teachers' Pension Plan for approximately €6.7 billion. The deal, payable in two instalments, is expected to close in the first half of 2025 and will support Techem's expansion of its digital energy services platform across Europe and beyond.

TPG Rise Climate Acquires Olympus Terminals

May 7, 2024

Energy

TPG Rise Climate, the climate investing strategy of TPG, signed a definitive agreement to acquire Olympus Terminals, a Long Beach-based independent storage and logistics provider for renewable fuels and refined products. Olympus—owner of two Southern California storage terminals and an interconnected pipeline network—was majority owned by affiliated funds of Davidson Kempner and Intrepid; the deal strengthens TPG Rise Climate's renewable fuels import, storage and distribution capabilities in California.

TPG Rise Climate Acquires Majority Stake in AmSpec from Olympus Partners

October 11, 2023

Industrial Services

TPG Rise Climate has signed a definitive agreement to acquire a majority interest in AmSpec (AmSpec Parent, LLC / AmSpec Group, Inc.) from Olympus Partners, with Olympus retaining a minority stake. AmSpec is a global testing, inspection, and certification (TIC) provider operating over 300 inspection sites and 166 laboratories with more than 5,000 employees; TPG Rise Climate said it will support the company’s expansion into renewable fuels and other climate-related markets. The transaction is subject to regulatory review and expected to close in Q4 2023.