TPG and TA Associates to acquire a majority stake in Planview for $1.6bn.

Private equity firms TPG Capital and TA Associates agreed to acquire a majority stake in Planview, a global enterprise software company headquartered in Austin, for $1.6bn. Planview’s existing majority shareholder, Thoma Bravo, will retain a minority interest in the company. "We have followed Planview for over a decade and have been impressed by the company’s strong growth under Greg Gilmore’s leadership. We believe that Planview’s comprehensive portfolio and work management solutions provide continued market opportunities as they are uniquely positioned to help organizations effectively navigate and accelerate strategy to delivery. We look forward to partnering with the Planview management team during the company’s next growth phase, and are pleased to be investing alongside TPG and Thoma Bravo," Ashu Agrawal, TA Associates Managing Director.