M&A Deal Summary

TPG Acquires People2.0

On February 2, 2021, private equity firm TPG acquired staffing company People2.0 from CIP Capital

Acquisition Highlights
  • This is TPG’s 4th transaction in the Staffing sector.
  • This is TPG’s 244th transaction in the United States.
  • This is TPG’s 8th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-02-02
Target People2.0
Sector Staffing
Buyer(s) TPG
Sellers(s) CIP Capital
Deal Type Secondary Buyout

Target

People2.0

King of Prussia, Pennsylvania, United States
People2.0 is a tech-enabled workforce deployment platform that provides employer of record/agent of record services and associated back-office support to staffing & recruiting firms, managed service providers, online recruitment platforms, recruitment process outsourcing, compliance service companies, and other talent acquisition service providers. People2.0 was founded in 2001 and is based in King of Prussia, Pennsylvania.

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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 380 of 421
Sector (Staffing) 4 of 4
Type (Secondary Buyout) 60 of 72
State (Pennsylvania) 8 of 9
Country (United States) 244 of 276
Year (2021) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Delinea

San Francisco, California, United States

Delinea is a provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization's most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea was formed in 2004 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 4th Industrial

United Kingdom

4th Industrial is a commercial real estate company that invests in multi let and light industrial property in identified target markets across the UK.

Buy -

Seller(S) 1

SELLER

CIP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 8 of 13
Sector (Staffing) 1 of 2
Type (Secondary Buyout) 4 of 6
State (Pennsylvania) 2 of 2
Country (United States) 8 of 13
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Carnegie Learning

Pittsburgh, Pennsylvania, United States

Carnegie Learning is a comprehensive, dynamic, and progressive learning technology company. Advocating a belief in teaching and determination to help students develop as learners and thinkers, Carnegie Learning is seeking to re-define the role of technology across the K-16 landscape. Its mathematics and STEM division delivers a research-proven mathematics curriculum and the MATHia platform for grades 6-12, developmental math support for 2- and 4-year colleges, project-based digital solutions for STEM, and best-in-class K-12 professional learning services. Carnegie Learning was formed in 1997 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-19 WilsonHCG

Tampa, Florida, United States

WilsonHCG is a provider of talent management solutions. WilsonHCG offers recruitment process outsourcing and outsourced talent solutions to assist corporations with a broad range of talent acquisition needs. WilsonHCG was founded in 2002 and is based in Tampa, Florida.

Sell -
Mergr

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