M&A Deal Summary

TPG Acquires Forcepoint G2CI

On July 10, 2023, private equity firm TPG acquired information technology company Forcepoint G2CI from Forcepoint for 2.5B USD

Acquisition Highlights
  • This is TPG’s 31st transaction in the Information Technology sector.
  • This is TPG’s 34th largest (disclosed) transaction.
  • This is TPG’s 267th transaction in the United States.
  • This is TPG’s 34th transaction in Texas.

M&A Deal Summary
Date 2023-07-10
Target Forcepoint G2CI
Sector Information Technology
Buyer(s) TPG
Sellers(s) Forcepoint
Deal Type Divestiture
Deal Value 2.5B USD

Target

Forcepoint G2CI

Austin, Texas, United States
Forcepoint G2CI is a provider of critical infrastructure IT services to a variety of government clients. The Company 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 409 of 421
Sector (Information Technology) 31 of 31
Type (Divestiture) 34 of 35
State (Texas) 34 of 34
Country (United States) 267 of 276
Year (2023) 4 of 8
Size (of disclosed) 34 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-16 Keter

Stamford, Connecticut, United States

Keter is a full-service recycling and waste management company focused on providing first-class sustainable recycling and waste programs. Keter was founded in 2011 and is based in Stamford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 NexTech

Tampa, Florida, United States

NexTech is a fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs. NexTech was founded in 1997 and is based in Tampa, Florida.

Buy $1.4B

Seller(S) 1

SELLER

Forcepoint

Austin, Texas, United States
Category Company
Founded 1994
Sector Information Technology
Employees1,600
Revenue 361M USD (2012)
DESCRIPTION

Forcepoint provides global cybersecurity by using behavior-based solutions to adapt risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Forcepoint was formed in 1994 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Bitglass

Campbell, California, United States

Bitglass delivers data and threat protection for any interaction, anywhere, on any device to ensure secure business continuity across the distributed enterprise. Bitglass was founded in 2013 and is based in Campbell, California.

Buy -
Mergr

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