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Announced

Completed

TPG completed the acquisition of Angelo Gordon for $2.7bn.

Financials

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Transaction Value£2,168m
Consideration TypeOrdinary Shares, Cash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private Equity

Single Bidder

United States

hedge fund

Hedge Funds

Majority

Private

Acquisition

Domestic

Completed

Synopsis

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TPG, a global alternative asset management firm, completed the acquisition of Angelo Gordon, an alternative investment firm focused on credit and real estate investing, for $2.7bn. “This is a milestone transaction for TPG, representing an important step in our continued evolution as a diversified global alternative asset manager. As we continue to operate and invest in dynamic markets, the addition of Angelo Gordon expands our capabilities and creates highly compelling investment opportunities. We approach today's market from a position of strength with best-in-class talent, deep, sector-driven expertise, and broad flexibility to provide solutions for portfolio companies, clients, and shareholders. Moving forward, TPG expects to continue to deliver excellent performance, build an inclusive and diverse culture, and accelerate growth through new and existing strategies,” Jon Winkelried, TPG CEO.

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