TPG completed the acquisition of a stake in Nextracker from Flex for $500m.

TGP Rise Climate, a subsidiary of global investment firm TGP Rise, completed the acquisition of a stake in Nextracker, a solar tracker manufacturer, from Flex, an American Singaporean-domiciled multinational electronics contract manufacturer, for $500m. "We are pleased to announce this exciting partnership today that furthers Nextracker's leadership, backed by this strategic investment from TPG Rise Climate," Revathi Advaithi, Flex CEO.