M&A Deal Summary

TPG Acquires Digital.ai

On April 16, 2020, private equity firm TPG acquired information technology company Digital.ai

Acquisition Highlights
  • This is TPG’s 26th transaction in the Information Technology sector.
  • This is TPG’s 239th transaction in the United States.
  • This is TPG’s 7th transaction in North Carolina.

M&A Deal Summary
Date 2020-04-16
Target Digital.ai
Sector Information Technology
Buyer(s) TPG
Deal Type Consolidation
Advisor(s) Evercore Group (Financial)
Ropes & Gray (Legal)

Target

Digital.ai

Raleigh, North Carolina, United States
Digital.ai is a technology company that provides agile planning, application protection, software delivery, and artificial intelligence into a unified Value Stream Platform. Digital.ai was established in 2020 and is based in Raleigh, North Carolina.

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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 370 of 421
Sector (Information Technology) 26 of 31
Type (Consolidation) 4 of 6
State (North Carolina) 7 of 8
Country (United States) 239 of 276
Year (2020) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 CollabNet

Alpharetta, Georgia, United States

CollabNet is a provider of collaborative software development and delivery solutions. CollabNet provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. CollabNet was founded in 1999 and is based in Alpharetta, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-17 STX Entertainment

Burbank, California, United States

STX Entertainment is a fully integrated, diversified, global media company designed from inception to unlock value from the 21st century’s changing media landscape. STX specializes in the development, production, marketing, and distribution of talent-driven films, television, and digital media content, with a unique ability to maximize the impact of content across worldwide, multiplatform distribution channels, including unparalleled global capabilities and direct passage into the China market. STX Entertainment was founded in 2014 and is based in Burbank, California.

Sell -
Mergr

Product

Company

Legal