Private Equity Firm Financial Services

TPG

San Francisco, California, United States

TPG is a leading global alternative asset manager investing across multiple strategies, including private equity, growth, credit, real estate, and impact/other solutions.

Focus Areas
Alternative asset management, Private equity, Credit
Website
www.tpg.com

Tracked deals

145

145 tracked deals across 2007-2026.

Recent pace

20

20 tracked deals announced in the last 12 months.

Deal mix

Buyout

79 buyout · 46 growth capital · 8 addon

TPG Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for TPG. 13 2019 19 2020 23 2021 15 2022 21 2023 22 2024 18 2025 ~16 est. 13 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 145 tracked deals for TPG.

  • Buyer
    TPG's Rise Funds (The Rise Funds)
    Target
    Tablet Command
    Industry
    IT Services

    TPG’s The Rise Funds has signed a definitive agreement to make a significant investment in Tablet Command, an emergency incident management and response software provider used by fire departments and emergency response agencies. The investment is intended to support Tablet Command’s continued growth as emergency organizations adopt more digital tools to coordinate complex incidents, including large-scale natural disasters.

  • Buyer
    I Squared Capital, TPG, Canada Pension Plan Investment Board (CPPIB)
    Target
    Re Sustainability Ltd.
    Seller
    KKR
    Location
    Telangana, India
    Type
    Buyout

    I Squared Capital and a consortium of TPG and Canada Pension Plan Investment Board (CPPIB) have emerged as final contenders to acquire a controlling stake in KKR-backed Re Sustainability Ltd. The waste-management and environmental services company is expected to be valued at more than $1.6 billion, with binding bids due in the next 10–15 days.

  • Buyer
    TPG
    Target
    Waste Eliminator, Liberty Waste Solutions
    Seller
    Allied Industrial Partners
    Location
    United States
    Type
    Buyout

    TPG has signed definitive agreements to simultaneously acquire Waste Eliminator (Georgia and South Carolina) and Liberty Waste Solutions (North Carolina) from Allied Industrial Partners. Through its TPG Transition Infrastructure strategy, TPG plans to combine the two regional operators into a diversified Southeast waste infrastructure platform with 14 permitted facilities and more than 500 fleet vehicles.

  • Buyer
    TPG Real Estate, PSP Investments, La Caisse, Norges Bank Investment Management
    Target
    ECHO Realty
    Seller
    Ares Management, Heitman
    Industry
    Real Estate
    Type
    Buyout

    TPG Real Estate (through a TPG-led investor group) agreed to acquire ECHO Realty, a grocery-anchored retail real estate owner and operator, in a transaction valued at about $2 billion. The consortium includes PSP Investments, La Caisse, and Norges Bank Investment Management, and plans to partner with ECHO management to scale the platform through acquisitions, development, leasing, and property management.

  • Buyer
    TPG, TPG Capital, TPG Sports
    Target
    Learfield
    Seller
    Fortress Investment Group, Arctos Partners, other existing investors (unspecified)
    Type
    Buyout

    TPG signed a definitive agreement to acquire Learfield, a major college sports media and technology company powering monetization for collegiate athletics. The deal is expected to close in the third quarter of 2026 and will invest additional capital through TPG Capital and TPG Sports to accelerate Learfield’s data, media, technology, ticketing, NIL, and sponsorship capabilities. Charlesbank Capital Partners will remain a minority investor while other investors are expected to exit their positions.

  • Buyer
    TPG (The Rise Funds), Allianz X, State Farm
    Target
    Cambridge Mobile Telematics (CMT)
    Industry
    Cybersecurity

    Cambridge Mobile Telematics (CMT) announced a USD 350 million strategic investment led by TPG (via The Rise Funds) and Allianz X, with participation from State Farm. The capital will support CMT’s expansion of its global road safety telematics and AI platform, including real-time driving risk assessment and crash detection, alongside new long-term commercial agreements with Allianz operating entities.

  • Buyer
    TPG, TPG Rise Climate
    Target
    Sabre Industries, Inc.
    Seller
    Blackstone Energy Transition Partners
    Type
    Buyout

    TPG signed definitive agreements to acquire a majority stake in Sabre Industries, a provider of engineered critical infrastructure solutions for electric transmission, telecom, and data centers. The investment will be made through TPG Rise Climate, while existing investor Blackstone Energy Transition Partners will retain a significant minority stake; terms were not disclosed.

  • Buyer
    TPG
    Target
    One Aged Care, Econ Healthcare, Orange Valley Nursing Homes, Ambulance Medical Service
    Location
    Singapore

    TPG launched One Aged Care, a senior healthcare services platform intended to address rising demand for elderly care in Singapore and Malaysia. The platform brings together Econ Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service under a unified structure while preserving each business’s existing brand identities.

  • Buyer
    TPG
    Target
    Findhelp

    TPG (via its Rise funds) is investing $250 million in Findhelp, a social care technology platform. The investment is intended to expand Findhelp’s platform and increase access to essential services for underserved populations.

  • Buyer
    Kodiak Solutions, TPG
    Target
    Besler & Company (BESLER)
    Seller
    Besler & Company (BESLER)
    Type
    Addon

    Kodiak Solutions, a TPG-backed healthcare technology and services company based in Indianapolis, acquired Besler & Company (BESLER), a Princeton, New Jersey-based provider of revenue recovery and hospital reimbursement solutions, on January 22, 2026. The deal integrates BESLER's reimbursement software and managed-service capabilities into Kodiak's platform; Jonathan Besler joins Kodiak as a vice president and founder Philip Besler will retire.

  • Buyer
    TPG Real Estate (TPG)
    Target
    Quarterra
    Seller
    Lennar Corporation
    Industry
    Real Estate

    TPG Real Estate has acquired a majority interest in Quarterra, recapitalizing the multifamily platform while Lennar Corporation retains a minority stake and will continue to provide synergies. The partnership includes a $1 billion strategic commitment from TPG to support Quarterra’s growth and the development of its pipeline of attainable multifamily rental housing across the United States.

  • Buyer
    TPG (The Rise Funds)
    Target
    Trustwell
    Seller
    The Riverside Company
    Industry
    Cloud & SaaS
    Type
    Buyout

    TPG's The Rise Funds has made a majority investment in Trustwell, a SaaS provider of regulatory compliance, traceability and supplier management software for the food industry. The Riverside Company has fully exited its investment; financial terms were not disclosed. The partnership aims to accelerate Trustwell's product innovation and scale adoption across food and beverage supply chains.

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