TPG Capital Acquires Majority Stake in Centrify from Thoma Bravo

TPG to Acquire Majority Stake in Elite Legal Tech from Thomson Reuters

April 4, 2023

Legal Services

TPG has signed a definitive agreement to acquire a majority stake in Elite, a provider of financial and practice management solutions for law firms, valuing the business at approximately US$500 million. Thomson Reuters will retain a minority ownership stake and board representation, and the transaction is expected to close in the second quarter of 2023 subject to regulatory approvals and customary closing conditions.

Park Place Technologies Acquires CentricsIT Professional Services and TPM Assets

December 6, 2022

IT Services

Park Place Technologies has acquired the TPM and Professional Services assets (global services division) of CentricsIT, strengthening Park Place’s professional services, project management and IT lifecycle capabilities. CentricsIT will retain its server, storage and networking resale business following the asset sale; the deal enhances Park Place’s IMAC, ITAD, remote-hands and deployment service offerings and adds a professional services portal and experienced PMO staff.

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.

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.

Thycotic and Centrify Merge to Form ThycoticCentrify, Backed by TPG Capital

April 13, 2021

Cybersecurity

Thycotic and Centrify have completed their merger to form ThycoticCentrify, a combined cloud privileged identity security vendor backed by TPG Capital. Insight Partners, Thoma Bravo, and PSP Investments took minority stakes in the combined business as the new company begins product and go-to-market integrations.

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.