TPG Capital Acquires CollabNet VersionOne from Vector Capital

TPG Capital Backs Merger of CollabNet VersionOne and XebiaLabs

January 21, 2020

Software

CollabNet VersionOne and XebiaLabs have combined to create an integrated Agile DevOps platform, in a transaction backed by private equity firm TPG Capital. The combined company will be led by new CEO Ashok Reddy; existing XebiaLabs shareholders Susquehanna Growth Equity and Accel sold their stakes as part of the transaction.

Partners Group Acquires Majority Stake in Version 1

April 20, 2022

IT Services

Partners Group will acquire a majority stake in Version 1, the Dublin-headquartered digital and cloud transformation partner, subject to regulatory approvals. Version 1, currently owned by Volpi Capital and management, employs over 2,100 staff and has revenues above €240 million; Partners Group will partner with management to drive further growth and international expansion.

TPG Capital and TA Associates Acquire Planview from Thoma Bravo for $1.6 Billion

November 10, 2020

Cloud & SaaS

TPG Capital and TA Associates have agreed to acquire Planview, a provider of Portfolio Management and Work Management software, from Thoma Bravo in a $1.6 billion transaction. Thoma Bravo will retain a minority interest; the deal is intended to accelerate Planview’s growth and expand its enterprise SaaS capabilities as it transitions leadership following CEO Greg Gilmore’s planned departure.

TPG Capital Acquires Majority Stake in Nintex

October 5, 2021

Software

TPG Capital has agreed to acquire a majority stake in Nintex, the Bellevue, Washington–based provider of digital process automation software. Existing majority investor Thoma Bravo will make a new equity investment and retain a significant minority stake; the transaction is expected to close by the end of 2021 and aims to accelerate Nintex's product R&D and go-to-market expansion.

Digital.ai (TPG-backed) Acquires Arxan Technologies

April 16, 2020

Cybersecurity

Arxan Technologies, a provider of application protection and mobile app security solutions, has been acquired and combined with CollabNet VersionOne and XebiaLabs to form the TPG-backed Digital.ai value stream platform. TA Associates sold its stake in Arxan as part of the combination; financial terms were not disclosed. The deal integrates Arxan’s application-security capabilities into Digital.ai’s DevOps/DevSecOps platform to deliver a unified intelligent value stream for enterprise customers.

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.