TPG Acquires Majority Stake in Altimetrik
June 27, 2024
TPG has signed a definitive agreement to make a majority investment in Altimetrik through its TPG Asia private equity platform. The partnership will support Altimetrik's growth and capability expansion in cloud, data and AI services as the company — led by CEO Raj Sundaresan and backed by founder Raj Vattikuti — pursues $1 billion in annual revenue within three years.
- Buyers
- TPG (through its TPG Asia private equity platform)
- Targets
- Altimetrik
- Industry
- IT Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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