M&A Deal Summary

TPG Acquires Proficy

On September 11, 2025, private equity firm TPG acquired software company Proficy from GE Vernova for 600M USD

Acquisition Highlights
  • This is TPG’s 38th transaction in the Software sector.
  • This is TPG’s 84th largest (disclosed) transaction.
  • This is TPG’s 294th transaction in the United States.
  • This is TPG’s 14th transaction in Massachusetts.

M&A Deal Summary

Date 2025-09-11
Target Proficy
Sector Software
Buyer(s) TPG
Sellers(s) GE Vernova
Deal Type Divestiture
Deal Value 600M USD

Target

Proficy

Cambridge, Massachusetts, United States
Proficy is a manufacturing software business that helps manufacturers monitor and optimize production.

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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 447 of 453
Sector: Software M&A 38 of 40
Type: Divestiture M&A Deals 39 of 41
State: Massachusetts M&A 14 of 15
Country: United States M&A 294 of 299
Year: 2025 M&A 7 of 13
Size (of disclosed) 84 of 114
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-04 Samhwa

Gyeonggi-do, South Korea

Samhwa is a cosmetic packaging supplier, providing comprehensive packaging solutions for the high-end cosmetics industry. Samhwa was founded in 1977 and is based in Gyeonggi-do, South Korea.

Sell $528M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-22 Tide Platform

London, United Kingdom

Tide Platform is a business management platform offering business accounts and related admin services. Tide Platform was founded in 2017 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

GE Vernova

Cambridge, Massachusetts, United States

Category Company
Founded 2023
Sector Energy Services and Equipment
Employees76,800
Revenue 34.9B USD (2024)
DESCRIPTION

GE Vernova is a global energy company that includes power, wind, and electrification segments and is supported by its accelerator businesses. GE Vernova was founded in 2023 and is based in Cambridge, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-02 Gesat

Dammam, Saudi Arabia

Gesat manufactures heavy duty gas turbines, accessory module skids, and components. Gesat was founded in 2017 and is based in Dammam, Saudi Arabia.

Buy -