TPG to Acquire PTC’s Kepware and ThingWorx Industrial Connectivity and IoT Businesses

TPG to Acquire GE Vernova’s Proficy Manufacturing Software Business for $600 Million

September 12, 2025

Software

TPG Capital has reached an agreement to buy GE Vernova’s Proficy manufacturing software business for $600 million. After closing (expected in the first half of 2026), Proficy will operate as a standalone company serving industrial customers with software for HMI/SCADA, MES, industrial data management, and analytics, including cloud and on-premises offerings.

TPG Growth to Acquire Irth Solutions from Blackstone Energy Transition Partners

August 30, 2025

Cloud & SaaS

Irth Solutions, a provider of cloud-based enterprise software for critical energy and infrastructure companies, has entered into a definitive agreement to be acquired by TPG via TPG Growth. The transaction is expected to close in late 2025, subject to customary closing conditions, and represents a strategic exit for Blackstone Energy Transition Partners.

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 Peppertree Capital Management

July 2, 2025

Infrastructure

TPG (NASDAQ: TPG) completed its previously announced acquisition of Peppertree Capital Management in a cash and equity transaction with earnouts. Peppertree’s wireless communications tower and related digital infrastructure investment strategy will operate within TPG as “TPG Peppertree.”

Amphenol Acquires Trexon’s Industrial Products Group (IPG)

February 8, 2024

Manufacturing

Amphenol Corporation acquired Trexon’s Industrial Products Group (IPG), a divestiture that includes the brand portfolios of TPC Wire & Cable, Pittsburgh Wire & Cable, and MilRail. The sale, completed late in 2023, transfers Trexon’s industrial cable and harsh-environment interconnect businesses to Amphenol as Trexon focuses its operations on its Engineered Products Group (EPG).

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.