M&A Deal Summary

TPG Acquires CLEAResult

On June 18, 2018, private equity firm TPG acquired business services company CLEAResult from General Atlantic

Acquisition Highlights
  • This is TPG’s 10th transaction in the Business Services sector.
  • This is TPG’s 217th transaction in the United States.
  • This is TPG’s 29th transaction in Texas.
Investment Fate
  • CLEAResult was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2018-06-18
Target CLEAResult
Sector Business Services
Buyer(s) TPG
Sellers(s) General Atlantic
Deal Type Secondary Buyout

Target

CLEAResult

Austin, Texas, United States
CLEAResult provides energy efficiency, transition, and sustainability services. The company collaborates with a diverse network of local partners to deliver world-class technology and personalized services, making it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult was founded in 2003 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 328 of 421
Sector (Business Services) 10 of 14
Type (Secondary Buyout) 48 of 72
State (Texas) 29 of 34
Country (United States) 217 of 276
Year (2018) 18 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-16 Fourth Partner Energy

Hyderabad, India

Fourth Partner Energy is a distributor of solar energy management with complete in-house capabilities across design, engineering, construction, service, monitoring, and financing. Fourth Partner Energy was founded in 2010 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-20 Anastasia Beverly Hills

Beverly Hills, California, United States

Anastasia Soare is widely referred to as the Beauty Innovator and The Definitive Brow and Eye Expert. Over the years she has achieved iconic status in the beauty industry for her unique way of shaping the eyebrows and enhancing the eye area. Anastasia Beverly Hills was established in 1997 and is based in Beverly Hills, California.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 94 of 147
Sector (Business Services) 12 of 17
Type (Secondary Buyout) 15 of 25
State (Texas) 3 of 6
Country (United States) 51 of 75
Year (2018) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Adyen

Amsterdam, Netherlands

Adyen is a global technology company focused on payments. It has built an efficient single platform that enables the acceptance and processing of cards and local payments globally across its merchants' online, mobile and point of sale channels. Adyen's global platform has integrated and simplified the payments value chain, enabling it to partner with large merchants to rapidly scale their businesses both locally and globally, without the varied inefficiencies inherent in traditional payment platforms. Adyen was founded in 2006 and is based in Amsterdam, the Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 SigFig

San Francisco, California, United States

SigFig is a an online digital wealth management platform, providing financial institutions with an integrated, white-label solution to offer their customers high-quality and affordable investment advice. SigFig was founded in 2007 and is based in San Francisco, California.

Buy -
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