TPG, a global alternative asset management firm, completed the acquisition of Angelo Gordon, an alternative investment firm focused on credit and real estate investing, for $2.7bn.
“This is a milestone transaction for TPG, representing an important step in our continued evolution as a diversified global alternative asset manager. As we continue to operate and invest in dynamic markets, the addition of Angelo Gordon expands our capabilities and creates highly compelling investment opportunities. We approach today's market from a position of strength with best-in-class talent, deep, sector-driven expertise, and broad flexibility to provide solutions for portfolio companies, clients, and shareholders. Moving forward, TPG expects to continue to deliver excellent performance, build an inclusive and diverse culture, and accelerate growth through new and existing strategies,” Jon Winkelried, TPG CEO.
TPG (led by Jon Winkelried) was advised by Ardea Partners, J.P. Morgan, Morgan Stanley, Cleary Gottlieb Steen & Hamilton LLP (led by Adrian Leipsic, Liz Dyer and Maurice Gindi), Davis Polk & Wardwell LLP (led by David H. Schnabel), Shearman & Sterling LLP (led by John Cannon and Gillian Emmett Moldowan), Weil, Gotshal & Manges LLP (led by Brian Parness and Harvey Eisenberg), Freshfields Bruckhaus Deringer (led by Ethan Klingsberg) and Joele Frank (led by Ed Trissel and Greg Klassen).
Angelo Gordon (led by Josh Baumgarten) was advised by Goldman Sachs, Piper Sandler, Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Marco Masotti, Steven Williams, Samuel Welt and Maury Slevin), Sullivan & Cromwell LLP (led by Stephen Kotran) and Gasthalter & Co. LP (led by Nathaniel Garnick and Amanda Shpiner).
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