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M&A Deal Summary

TPG Acquires EP

On March 26, 2019, private equity firm TPG acquired business services company EP

Acquisition Highlights
  • This is TPG’s 11th transaction in the Business Services sector.
  • This is TPG’s 230th transaction in the United States.
  • This is TPG’s 76th transaction in California.

M&A Deal Summary
Date 2019-03-26
Target EP
Sector Business Services
Buyer(s) TPG
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) American Discovery Capital LLC (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

EP

Burbank, California, United States
EP provides workforce management services, including a bundle of payroll processing, tax administration and workers’ comp services and production management technology solutions to the TV, film, and broader entertainment industries. EP was founded in 1976 and is based in Burbank, California.

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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 350 of 451
Sector: Business Services M&A 11 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 42 of 53
State: California M&A 76 of 88
Country: United States M&A 230 of 298
Year: 2019 M&A 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-20 InStride

Los Angeles, California, United States

InStride is a human capital management company that partners with academic institutions to offer workforce education solutions, enabling employers to provide personalized, career-aligned, debt-free education through a digital platform and consultative support. InStride was founded in 2019 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Sell -
Mergr

Solution for

Product

Company

Legal