On the Record · TPG
TPG acquisitions, on the record
The businesses TPG bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Angelo, Gordon & Co., L.P., AG Funds L.P. and AG Partners, L.P. (collectively, the Angelo Gordon Parties)Word for word“On November 1, 2023, TPG Inc., TPG Operating Group II, L.P., an indirect subsidiary of TPG Inc., and certain of their affiliated entities (collectively, the “TPG Parties”) completed the acquisition (the “Acquisition”) of Angelo, Gordon & Co., L.P., AG Funds L.P. and AG Partners, L.P. (collectively, the “Angelo Gordon Parties”) pursuant to the terms and subject to the conditions set forth in the Transaction Agreement, dated as of May 14, 2023, by and among the TPG Parties and the Angelo Gordon Parties.” 10-K for 2023 | acquisition | On November 1, 2023 | — |
Peppertree Capital Management, Inc.Word for word“On July 1, 2025, TPG Inc. and certain of its affiliated entities completed the acquisition (the “Peppertree Acquisition”) of the business of Peppertree Capital Management, Inc. (“Peppertree”) pursuant to the terms and conditions set forth in the transaction agreement (the “Peppertree Transaction Agreement”), as amended May 28, 2025, with Peppertree and certain affiliated entities and equity holders thereof (together with Peppertree, the “Peppertree Parties”), a specialized digital infrastructure investment firm with a focus on wireless communications towers.” 10-K for 2025 | acquisition | On July 1, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2020-12-31 | $0 | — |
| 2021-12-31 | −$24.8 million | — |
| 2022-12-31 | $0 | $0 |
| 2023-12-31 | $356.8 million | $205.9 million |
| 2024-12-31 | $16.3 million | $0 |
| 2025-12-31 | — | $62.1 million |
Deal filings since 2016
- 2026-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-07-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from TPG’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.