M&A
confidence high
sentiment positive
materiality 0.70
AG Partner Investments L.P. posts nine-month net income of $55.9M vs loss year prior
TPG Inc.
- Revenues of $624M up 39% YoY ($448M), driven by higher fees and capital allocation-based income.
- Net income of $55.9M for Jan-Sep 2023 vs net loss ($12.4M) in the year-ago period.
- Total assets fell 43% to $1.93B from $3.40B at Dec 2022 due to deconsolidation of CLO funds and MOA.
- AGPI to be acquired by TPG Inc. for $3.0B in cash and units; deal expected to close late 2023.