Announced
Completed
Financials
Sources
Tags
Private
Private Equity
Majority
Friendly
payroll processing
staff accounting
workforce analytics
workforce deployment
outsourcing services
IT Services: Other
United States
Completed
Acquisition
Single Bidder
Domestic
Synopsis
TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, completed the investment in People 2.0, a pure play provider of outsourced global employer of record and agent of record services. Financial terms were not disclosed. "We are excited to partner with TPG Growth at such an important time in the People 2.0 journey. As we head into our 20th year of business, TPG’s dynamic and global operational and capital markets expertise will allow us to pursue extensive organic growth initiatives in areas like flexible work arrangements and cross-border hiring as well as additional strategic acquisitions. Our people, our clients, and the workers on our platform will benefit tremendously from TPG’s deep experience and broad capabilities in the talent and HR services vertical," Erik Vonk, People 2.0 Executive Chairman.
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