TPG Inc. (TPG): M&A transaction — TPG closes acquisition of Angelo Gordon; adds $74B credit/real estate platform

TPG Inc.

Transaction includes $728M cash, 53M common units, 8.4M RSUs, up to $150M holdback and $400M earnout.
Angelo Gordon to operate as TPG Angelo Gordon, with $74B AUM in credit and real estate; combined TPG AUM reaches $213B.
Acquisition adds over 350 institutional LP relationships and expands TPG's credit and real estate capabilities.
TPG expects to accelerate growth and deliver synergies from shared intellectual capital and global infrastructure.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TPG Inc. completed an acquisition involving Angelo, Gordon & Co., L.P., AG Funds L.P. and AG Partners, L.P. (together, "Angelo Gordon") for approximately (i) $728.0 million in cash, subject to certain adjustments; (ii) 53.0 million common units ("Common Units") of the Acquiror (and an equal number o (closed 2023-11-01).

Action: acquisition
Counterparty: Angelo, Gordon & Co., L.P., AG Funds L.P. and AG Partners, L.P. (together, "Angelo Gordon")
Consideration: approximately (i) $728.0 million in cash, subject to certain adjustments; (ii) 53.0 million common units ("Common Units") of the Acquiror (and an equal number o
Closing: 2023-11-01

Exact text from the filing

as of May 14, 2023, by and among the TPG Parties and the Angelo Gordon Parties. The aggregate amount payable in connection with the Transactions consists of approximately (i) $728.0 million in cash, subject to certain adjustments; (ii) 53.0 million common units (“Common Units”) of the Acquiror (and an equal number of shares of Class B common stock of TPG (“Class B

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Source: SEC EDGAR

accession 0001880661-23-000090

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