M&A Deal Summary

TPG Acquires Wind River

On April 3, 2018, private equity firm TPG acquired software company Wind River from Intel

Acquisition Highlights
  • This is TPG’s 20th transaction in the Software sector.
  • This is TPG’s 211th transaction in the United States.
  • This is TPG’s 69th transaction in California.
Investment Fate
  • Wind River was sold to a publicly-traded strategic buyer in 2022 for 4.3B USD.

M&A Deal Summary

Date 2018-04-03
Target Wind River
Sector Software
Buyer(s) TPG
Sellers(s) Intel
Deal Type Divestiture

Target

Wind River

Alameda, California, United States
Wind River engages in delivering software for intelligent connected systems, Wind River offers a comprehensive, edge-to-cloud software portfolio designed to address the challenges and opportunities critical infrastructure companies face when evolving and modernizing their systems as they work to realize the full potential of IoT. Wind River was established in 1981 and is based in Alameda, 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 319 of 453
Sector: Software M&A 20 of 40
Type: Divestiture M&A Deals 26 of 41
State: California M&A 69 of 88
Country: United States M&A 211 of 299
Year: 2018 M&A 9 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 Taco Bueno

Farmers Branch, Texas, United States

Taco Bueno is a premium quality, quick-service restaurant chain offering fast-casual quality Mexican cuisine at fast-food price and convenience. Taco Bueno was established in 1967 and headquartered in Farmers Branch, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Mobike Singapore Pte

Singapore, Singapore

Mobike Singapore Pte Ltd. is a bike sharing service to fulfil urban short trips conveniently, anytime, anywhere, by combining innovation and today’s IoT (Internet of Things) technology. Mobike is green, reduces congestion and continually strives to improve the quality of city life. Mobike provides an affordable means of shared transportation for convenient short urban trips, while reducing congestion and our city's carbon footprint that improves the quality of city life.

Sell -

Seller(S) 1

SELLER

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


DEAL STATS #
Overall 9 of 14
Sector: Software M&A 3 of 4
Type: Divestiture M&A Deals 8 of 12
State: California M&A 6 of 9
Country: United States M&A 7 of 11
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Mobileye

Jerusalem, Israel

Mobileye develops and deploys advanced driver-assistance systems and autonomous driving technologies and solutions. Mobileye was formed in 1999 and is based in Jerusalem, Israel.

Buy $14.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 eASIC

Santa Clara, California, United States

eASIC Corp. is a fabless semiconductor company offering breakthrough eASIC Platforms that significantly reduce the overall cost of ownership and time to production of customized silicon devices. eASIC Corp. was founded in 1999 and is based in Santa Clara, California.

Buy -