TPG to acquire a majority stake in Five Good Friends.

TPG, an alternative asset management firm, agreed to acquire a majority stake in Five Good Friends, an in-home care provider. Financial terms were not disclosed. “Five Good Friends has built a terrific business with all the elements required for continued success. At a time when broader in-home aged care reforms are taking place to ensure Australia’s elderly live independently at home for longer, their approach to home care and disability support, coupled with their cloud-based software solution, has enabled them to create a truly unique care delivery platform that combines the best of technology and human care," Joel Thickins, TPG Co-Head of Asia and Head of Australia & New Zealand.