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New Deal


Announced

Completed

TPG completed the investment in People 2.0.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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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

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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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