On May 6, 2025, TPG and Peppertree Capital Management jointly announced that TPG will acquire Peppertree Capital Management.
TPG Inc. (“TPG”) and Peppertree Capital Management, Inc. (“Peppertree”) jointly announced, on May 6, 2025, a definitive agreement under which TPG will acquire Peppertree. Under the terms of the deal, which is expected to close in the third quarter of 2025, TPG will acquire Peppertree in a cash and equity transaction estimated to include up to $242 million in cash and up to $418 million in equity. Peppertree’s Co-Presidents will continue to lead Peppertree’s investing strategy. Further terms of the deal were not disclosed.
TPG (NASDAQ: TPG), based in San Francisco, is an alternative asset firm specializing in private equity, impact, credit, real estate, and market solutions. As of December 2024, TPG had $246 billion in assets under management. BofA Securities, Goldman Sachs, Houlihan Lokey, and Campbell Lutyens acted as financial advisors to TPG.
Peppertree, based in Chagrin Falls, Ohio, is a registered investment advisor making investments in growing communication infrastructure assets, primarily wireless communications towers. As of December 2024, Peppertree had $7.7 billion in assets under management.
To read the press release: please click here.