TPG news and archive

Vinted secures investment from TPG-led consortium

Second-hand fashion marketplace Vinted has closed a secondary share sale of 340 million euros at a valuation of 5 billion euros. The company said in a release that the transaction was led by TPG Tech Adjacencies (TTAD), TPG's strategy dedicated to providing flexible capital solutions to the technology industry. Other major investment funds...

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Business

The Platform Group acquires the OEGE Group

The Platform Group (TPG), a software company for platform solutions, will become the majority shareholder of the OEGE Group as of June 2024. The company, based in Lünen (North Rhine-Westphalia), exclusively serves B2B customers in ecommerce with branded goods. The products are sold via the company's own B2B shops and platform solutions with a...

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Business

H&M embraces new venture to buy 50 percent of its recycled polyester supplies

In a bid to revolutionise the fast fashion textile industry, H&M Group, in collaboration with Vargas Holding, has unveiled Syre, a groundbreaking venture supported by TPG Rise Climate. The primary objective is to scale up textile-to-textile recycled polyester and foster sustainability within the textile sector. H&M Group has committed a...

Design

Billabong receives proposal from TPG

The Board of Billabong announced that it received an indicative, non-binding and conditional proposal from TPG International LLC (TPG) to acquire all of the shares in the company for $1.45 cash per share by way of a scheme of arrangement. TPG’s indicative price of $1.45 per share is based solely on available public information and may be refined...