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

47.49

Mkt cap

18B

Volume

2.4M

High

47.76

P/E Ratio

-113.31

52-wk high

72.98

Low

46.22

Div yield

0.04

52-wk low

39.18

TPG Inc has agreed to acquire Nextech from Thomas H. Lee Partners for $1.4 billion. Nextech provides clinical and administrative healthcare technology solutions for specialty physician practices. The deal is expected to close in Q3 2023. This acquisition is part of TPG's focus on healthcare IT solutions. TPG's shares are trading higher by 0.45% at $31.09.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 4:21 pm

UBS analyst Joseph Parkhill has maintained a 'Buy' rating on TPG (NASDAQ:TPG) but lowered the price target from $39 to $38.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 3:41 pm

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

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