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M&A Deal Summary

TPG Acquires Altimetrik

On June 27, 2024, private equity firm TPG acquired software company Altimetrik

Acquisition Highlights
  • This is TPG’s 36th transaction in the Software sector.
  • This is TPG’s 286th transaction in the United States.
  • This is TPG’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2024-06-27
Target Altimetrik
Sector Software
Buyer(s) TPG
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Jefferies (Financial)

Target

Altimetrik

Southfield, Michigan, United States
Altimetrik is a pure-play digital business services company that focuses on delivering business outcomes with an agile, product-oriented approach. The company provides a blueprint to develop, scale, and launch new products to market faster. It builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-size increments. Altimetrik was founded in 2012 and is based in Southfield, Michigan.

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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 296.0B 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 436 of 451
Sector: Software M&A 36 of 40
Type: Buyout (LBO, MBO, MBI) M&A Deals 50 of 53
State: Michigan M&A 3 of 3
Country: United States M&A 286 of 298
Year: 2024 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Foodsmart

San Francisco, California, United States

Foodsmart is a provider of platform enables digital nutrition coaching for large employers, health plans and health systems, and provides food utility tools to families that make it easier to consistently select and buy healthy food people love. Foodsmart provides trusted food selection and buying environments for cooking and eating prepared meals, that meet the needs of diverse groups of people, with tools ranging from meal planning, recipes, grocery rewards and online grocery ordering, to menu coaching and mobile meal ordering. Foodsmart was founded in 2010 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 PS

Los Angeles, California, United States

PS is a private luxury terminal serving commercial flights at Los Angeles International Airport. PS offers a back door to your aircraft, along with seamless security and Customs clearance, as well as luxury amenities before and after your flight. PS is based in Los Angeles, California.

Sell -
Mergr

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