TPG

• I Squared Capital and TPG-CPPIB in final bid race to acquire controlling stake in Re Sustainability

  July 4, 2026

  Buyer

  I Squared Capital, TPG, Canada Pension Plan Investment Board (CPPIB)

  Target

  Re Sustainability Ltd.

  Seller

  KKR

  Industry

  Environmental Services

  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.

• TPG to Acquire Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners

  June 17, 2026

  Buyer

  TPG

  Target

  Waste Eliminator, Liberty Waste Solutions

  Seller

  Allied Industrial Partners

  Industry

  Environmental Services

  Location

  United States

  Type

  Buyout

  TPG has signed definitive agreements to simultaneously acquire Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners. The acquisitions will be made through TPG’s TPG Transition Infrastructure strategy to create a diversified Southeast waste infrastructure platform spanning Georgia, North Carolina, and South Carolina.

• TPG Growth Invests in Smith + Howard (Broad Sky Exit)

  June 9, 2026

  Buyer

  TPG, TPG Growth

  Target

  Smith + Howard

  Seller

  Broad Sky Partners

  Industry

  Professional Services

  Location

  United States

  Type

  Growth capital

  TPG, through its middle-market and growth equity platform TPG Growth, signed a definitive agreement to make a significant investment in Smith + Howard, a national assurance, tax, advisory, and wealth management firm. The deal is expected to close in Q3 2026, with Smith + Howard continuing under its existing brand and leadership team, and Broad Sky Partners exiting its investment.

• TPG-Led Consortium Acquires ECHO Realty for About $2 Billion

  June 5, 2026

  Buyer

  TPG Real Estate, PSP Investments, La Caisse, Norges Bank Investment Management

  Target

  ECHO Realty

  Seller

  Ares Management, Heitman

  Industry

  Real Estate

  Location

  Pennsylvania, United States

  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.

• TPG Acquires Learfield to Expand College Sports Media, Sponsorship, and Fan Engagement Platform

  April 16, 2026

  Buyer

  TPG, TPG Capital, TPG Sports

  Target

  Learfield

  Seller

  Fortress Investment Group, Arctos Partners, other existing investors (unspecified)

  Industry

  Media & Entertainment

  Location

  Texas, United States

  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.

• TPG (The Rise Funds) and Allianz X Lead USD 350 Million Strategic Investment in Cambridge Mobile Telematics

  March 24, 2026

  Buyer

  TPG (The Rise Funds), Allianz X, State Farm

  Target

  Cambridge Mobile Telematics (CMT)

  Industry

  Cybersecurity

  Location

  Massachusetts, United States

  Type

  Growth capital

  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.

• TPG (TPG Rise Climate) Acquires Majority Stake in Sabre Industries

  March 21, 2026

  Buyer

  TPG, TPG Rise Climate

  Target

  Sabre Industries, Inc.

  Seller

  Blackstone Energy Transition Partners

  Industry

  Industrial Services

  Location

  Texas, United States

  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.

• TPG Establishes One Aged Care Platform

  March 19, 2026

  Buyer

  TPG

  Target

  One Aged Care, Econ Healthcare, Orange Valley Nursing Homes, Ambulance Medical Service

  Industry

  Healthcare Services

  Location

  Singapore

  Type

  Growth capital

  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.

• TPG Partners with Findhelp to Expand Social Care Technology Platform

  March 3, 2026

  Buyer

  TPG

  Target

  Findhelp

  Industry

  Healthcare Services

  Location

  Texas, United States

  Type

  Growth capital

  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.

• Kodiak Solutions Acquires Besler & Company

  January 22, 2026

  Buyer

  Kodiak Solutions, TPG

  Target

  Besler & Company (BESLER)

  Seller

  Besler & Company (BESLER)

  Industry

  Healthcare Services

  Location

  New Jersey, United States

  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.

• TPG Recapitalizes Quarterra with Lennar Retaining Minority Stake

  January 6, 2026

  Buyer

  TPG Real Estate (TPG)

  Target

  Quarterra

  Seller

  Lennar Corporation

  Industry

  Real Estate

  Location

  North Carolina, United States

  Type

  Recapitalization

  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.

• TPG's The Rise Funds Acquires Majority Stake in Trustwell

  January 5, 2026

  Buyer

  TPG (The Rise Funds)

  Target

  Trustwell

  Seller

  The Riverside Company

  Industry

  Cloud & SaaS

  Location

  Oregon, United States

  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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