Streetbeat News

TPG

TPG Inc.

https://www.tpg.com

Industry

Asset Management

TPG Inc. operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies. The company invests in private equity funds, real estate funds, fund of hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. operates as a subsidiary of TPG GP A, LLC.

Open

65.26

Mkt cap

24B

Volume

High

65.42

P/E Ratio

-195.97

52-wk high

70.67

Low

63.48

Div yield

0.03

52-wk low

33.69

TPG, a global alternative asset management firm, is set to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions, from Thomas H. Lee Partners (THL) for $1.4 billion. The acquisition will be made through TPG Capital, TPG's U.S. and European late-stage private equity platform. The transaction is subject to regulatory review and is expected to close in the third quarter of 2023.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:59 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on TPG (NASDAQ:TPG) and raised the price target from $31 to $32.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 2:35 pm

Over the past 3 months, 8 analysts have published their opinion on TPG (NASDAQ:TPG) stock. The company has an average price target of $31.31, representing a 3.87% decrease from the previous average price target of $32.57. The ratings include 2 bullish and 6 indifferent.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:00 pm

Wells Fargo analyst Finian O'Shea maintains an Equal-Weight rating on TPG (NASDAQ:TPG) and raises the price target from $28 to $29.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:51 am

TPG Inc plans to acquire the government cybersecurity business unit of Forcepoint for $2.45 billion. The unit, Forcepoint Global Governments and Critical Infrastructure (Forcepoint G2CI), is being bought from Francisco Partners. Post-acquisition, Francisco will maintain a minority interest in the unit and continue to operate Forcepoint’s commercial cybersecurity business as a separate entity. TPG shares are trading lower by 0.03% at $29.30 premarket.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 10:47 am

Nextracker Inc has priced its underwritten offering of 14.2 million shares at $36.50 per share, a 2% discount to its closing price on June 28. The company plans to use the net proceeds to purchase an equivalent amount of Nextracker LLC common units from Yuma Inc, a subsidiary of Flex Ltd., and TPG Rise Flash L.P, an affiliate of TPG Inc. The offering is expected to close on July 3, 2023.

Portfolio Pulse from Shivani Kumaresan

June 29, 2023 | 9:57 am

Fortress Investment Group's $225 million stalking horse bid has been declared the winning offer for Vice Media as it exits bankruptcy. GoDigital presented a bid at a $300 million valuation, but Fortress had reservations about their funding. Vice will propose the sale to the bankruptcy court on Friday.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 4:36 pm

JMP Securities analyst Brian McKenna maintains TPG (NASDAQ:TPG) from Market Perform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 1:06 pm

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