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Announced

29 Sep 2021

TPG-led consortium to acquire Smartgroup for $1.38bn.

Synopsis

TPG-led consortium offered to acquire Smartgroup, an Australia-based company engaged in providing specialist employee management services, for $1.38bn. Australian private equity investors Potentia and Aware Super are also participating. The bid represents a 31% premium. Smartgroup is willing to recommend a binding offer at $10.35 a share.

Principals

target

SMARTGROUP

bidder

Tpg Capital

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Market Context

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Seller Team (6)

tim looi

CEO at SMARTGROUP

Manager

target

Deal

£ 1.01 B

Total Value

william chew

Senior Associate at Herbert Smith Freehills

Lawyer

target

Deals

£ 4.74 B

Total Value

tatsuki shiratsuchi

Solicitor at Herbert Smith Freehills

Lawyer

target

Deals

£ 2.80 B

Total Value

ben wilson

Managing Partner at GRACosway

PR Consultant

target

Deals

£ 35.20 B

Total Value

tony damian

Partner at Herbert Smith Freehills

Lawyer

target

Deals

£ 75.93 B

Total Value

ting fan

Solicitor at Herbert Smith Freehills

Lawyer

target

Deals

£ 8.73 B

Total Value

Bidder Team (3)

jon winkelried

Co-CEO at TPG CAPITAL LP

Investor

bidder

Deals

£ 59.98 B

Total Value

deanne stewart

CEO at AWARE SUPER

Investor

bidder

Deals

£ 3.31 B

Total Value

tim reed

Managing Director at POTENTIA CAPITAL PTY LTD

Investor

bidder

Deals

£ 1.07 B

Total Value

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