TPG and CDPQ to acquire Aareon from Aareal Bank and Advent International for €3.9bn.

TPG, an American private equity firm, and CDPQ, an institutional investor, agreed to acquire Aareon, an IT service management company, from Aareal Bank, an international property specialist, and Advent International, one of the largest and most experienced global private equity investors, for €3.9bn. "This transaction marks a milestone in the development of Aareon. Thanks to the strong support of our owners Aareal Bank and Advent International, the company has made excellent progress in recent years. Now, we have reached a point where we can take the next step in our development. We are in an ideal position to capture further growth opportunities and welcome TPG and CDPQ as experienced and strong new partners," Harry Thomsen, Aareon CEO.