TPG Acquires AT&T's Remaining 70% Stake in DIRECTV

DIRECTV Acquires Majority Ownership of INVIDI Technologies

January 15, 2025

Media & Entertainment

DIRECTV acquired a majority ownership stake in INVIDI Technologies, a leading provider of addressable television advertising solutions. INVIDI will continue to operate independently under its existing leadership and will be jointly owned by DIRECTV, DISH, and WPP as the company expands its U.S. and international addressability efforts.

TPG Acquires Peppertree Capital Management

July 2, 2025

Infrastructure

TPG Inc. has completed its acquisition of Peppertree Capital Management, adding a $7.8 billion communications infrastructure investing strategy that will operate as TPG Peppertree. The business will be led by Peppertree's Co-Managing Partners Howard Mandel and Ryan Lepene and expands TPG's footprint in digital infrastructure, bringing pro forma AUM to $258 billion.

Standard General to Acquire TEGNA for $24.00 Per Share

February 22, 2022

Media & Entertainment

An affiliate of private investment firm Standard General has agreed to acquire TEGNA Inc. for $24.00 per share in cash in a transaction with an equity value of approximately $5.4 billion. Cox Media Group and funds managed by affiliates of Apollo Global Management will hold non-voting interests in the acquiring entity, and certain TEGNA stations are expected to be divested to Cox following closing; the deal will take TEGNA private pending shareholder and regulatory approvals.

TPG and Corpay Acquire AvidXchange

October 15, 2025

Payments & Fintech

TPG acquired a majority interest in AvidXchange in a take-private transaction valued at approximately $2.2 billion, with Corpay purchasing a 34% minority stake for about $550 million. The deal will make AvidXchange a private company as TPG leads efforts to accelerate growth while Corpay partners strategically to expand payments and AP automation capabilities.

TPG Real Estate Acquires Majority Stake in Three Northern Virginia Hyperscale Data Centers from Digital Realty

July 27, 2023

Real Estate

TPG Real Estate (through TPG Real Estate Partners) has acquired a majority stake in a portfolio of three stabilized hyperscale data centers in Ashburn, Northern Virginia, in a joint venture with Digital Realty, which retains a minority interest and will continue to manage the assets. The three facilities were contributed at an aggregate value of $1.5 billion (approx. 104 MW IT capacity), with the transaction valuing the portfolio at roughly a 6.0% cap rate and Digital Realty receiving about $1.3 billion of gross proceeds.

TPG Acquires Majority Stake in Altimetrik

June 27, 2024

IT Services

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.