TPG Completes Acquisition of Angelo Gordon
With the completion of the transaction, TPG’s investing platforms span a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions. Moving forward,
“This is a milestone transaction for TPG, representing an important step in our continued evolution as a diversified global alternative asset manager,” said
“We have seen the power of our collective organizations – the capabilities of our people, and the depth of our relationships and knowledge – and are thrilled to be part of TPG,” said
Strategic Benefits of the Transaction
- Marks a significant expansion into credit investing for TPG and delivers real estate capabilities that are complementary to the firm’s current strategies.
- Provides a broader spectrum of alternatives solutions for clients, creating an even more compelling partner for the largest LPs globally.
- Expands our client base, adding more than 350 attractive and complementary institutional LP relationships.
- Unlocks significant opportunities to grow revenue and optimize and scale, with benefits from shared intellectual capital and the support of a robust global infrastructure.
- Enhances capital formation capabilities.
Summary of Key Terms
53.0 million common units of the
TPG Operating Group, subject to certain adjustments;
- 8.4 million restricted stock units of TPG, subject to certain adjustments;
$730 millionin cash;
Rights to an aggregate cash holdback amount of up to
$150 million; and
An earnout based on TPG Angelo Gordon’s future financial performance, valued at up to
TPG (Nasdaq: TPG) is a leading global alternative asset management firm, founded in
Forward-Looking Statements; No Offer
This announcement may contain forward-looking statements based on our beliefs and assumptions and on information currently available to us. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, estimated operational metrics, business strategy, and plans and objectives of management for future operations, including, among other things, statements regarding the expected benefits to be derived from the acquisition of
Forward-looking statements are based on TPG’s current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. As a result, TPG’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits of the transaction; unexpected costs related to the integration of the
For the reasons described above, TPG cautions you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this announcement and related public filings. Any forward-looking statement made by TPG in this announcement speaks only as of the date on which TPG makes it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for TPG to predict all of them. TPG undertakes no obligation to publicly update or revise any forward-looking statement after the date of this press release, whether as a result of new information, future developments, or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of TPG or its management as of any date subsequent to the date of the press release.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
 TPG Angelo Gordon’s currently stated AUM of approximately
 As of