Investment Summary

TPG Invests In Climavision

On June 2, 2021, private equity firm TPG invested in information technology company Climavision

Investment Highlights
  • This is TPG’s 25th transaction in the Information Technology sector.
  • This is TPG’s 252nd transaction in the United States.
  • This is TPG’s 2nd transaction in Kentucky.

Investment Summary

Date 2021-06-02
Target Climavision
Sector Information Technology
Investor(s) TPG
Deal Type Growth Capital
Advisor(s) Goldman Sachs (Financial)
King & Spalding (Legal)

Target

Climavision

Louisville, Kentucky, United States
Climavision combines proprietary high-resolution radar, advanced AI forecasting, and decades of expertise to close weather observation gaps and enhance forecast accuracy, helping reduce the economic risks of volatile weather for businesses, governments, and communities. Climavision was founded in 2020 and is based in Louisville, Kentucky.

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Investor(S) 1

Investor

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 392 of 451
Sector: Information Technology M&A 25 of 29
Type: Growth Capital M&A Deals 58 of 74
State: Kentucky M&A 2 of 2
Country: United States M&A 252 of 298
Year: 2021 M&A 11 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Evoltz

Rio de Janeiro, Brazil

Evoltz is an electricity transmission platform consists of seven electricity transmission lines that total more than 3,500km across 10 states in Brazil. Evoltz is a holding company with end-to-end management of its concessions, leveraging cutting-edge technology and best practices within the electricity transmission sector. Evoltz was founded in 2018 and is based in Rio de Janeiro, Brazil.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Gridserve

Iver, United Kingdom

Gridserve is a ‘sun-to-wheel’ focused en-route electric vehicle charging network, focused on provision of ultra-fast charging at high traffic locations with co-located food & beverage offerings. Gridserve was founded in 2016 and is based in Iver, United Kingdom.

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