Hg Capital completed its acquisition of a majority stake in Transporeon Group, a cloud logistics software provider, from existing investor TPG Capital, the private equity platform of global alternative asset firm TPG. Terms of the transaction were not disclosed. "In Transporeon we saw an opportunity to partner with a strong management team to invest in a company that was well-positioned to emerge as a leader in the rapidly growing supply chain technology space, a sector that we’ve been closely following for many years. It has been a pleasure working with the entire Transporeon team and we wish them all the best for the future,” Malte Janzarik, TPG Capital Partner.