GIC and Temasek Acquire Significant Stake in Novotech as TPG Reinvests

TPG Completes Majority Investment in iNova Pharmaceuticals

October 31, 2022

Pharmaceuticals

TPG (through its Asia platform) completed a majority investment in iNova Pharmaceuticals, a multinational consumer health and pharmaceutical company, with existing investor Pacific Equity Partners re-investing as a minority co-investor. The deal will support iNova's regional expansion and growth strategy across Southeast and North Asia, and fund channel expansion, product-in-fill and technology investments.

GIC Invests $170 Million in TPG-backed Asia Healthcare Holdings

February 14, 2022

Healthcare Services

Singapore sovereign wealth fund GIC has signed definitive documentation to invest $170 million in Asia Healthcare Holdings (AHH), the TPG Growth–incubated single-specialty healthcare platform in India. The capital will support AHH's continued expansion of single-specialty networks — including fertility (Nova IVF), mother & childcare (Motherhood Hospitals) and oncology — and help fund further add-on acquisitions and platform growth across South Asia.

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 to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

Temasek Acquires Additional 41% Stake in Manipal Health Enterprises

April 10, 2023

Healthcare Services

Temasek has signed definitive agreements to acquire an additional 41% stake in Manipal Health Enterprises (MHE), increasing its investment in the India-based hospital network. Following the transaction, Manipal Group will hold about 30%, Sheares Healthcare Group (a Temasek subsidiary) will retain 18%, TPG will re-invest an 11% interest through TPG Asia VIII, and NIIF will exit its holding.

AGIC Capital Makes Growth Equity Investment in AP Technologies

August 10, 2023

Medical Devices

AGIC Capital completed a growth equity investment in Singapore-based AP Technologies, a contract manufacturer specializing in precision medical tubing and catheter assemblies. AGIC will partner with AP Tech's founders and management to accelerate global growth and bolster the company's technological capabilities; the deal is AGIC's first transaction in Asia with Fund II.