TPG Inc. reports developments as a global alternative asset management firm with investment and operational teams around the world. Founded in San Francisco in 1992, the firm invests across private equity, impact, credit, real estate, market solutions and other alternative strategies through a multi-product platform.
Recurring updates include quarterly results, capital formation, deployment and realizations, Class A common stock dividends, and board governance changes. News may also include activity from TPG-affiliated externally managed real estate finance and residential mortgage investment vehicles that operate within or alongside the firm’s real estate and credit investment platforms.
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AmerisourceBergen (NYSE: ABC) has announced a partnership with TPG to acquire OneOncology, a prominent oncology network valued at $2.1 billion. Under this agreement, TPG will gain a majority interest in OneOncology, while AmerisourceBergen will hold a minority interest, investing approximately $685 million in cash for about 35% ownership. The acquisition aims to enhance AmerisourceBergen's relationships with community oncology practices and expand its specialty solutions. The deal is expected to close by September 2023, subject to regulatory approvals. Importantly, it may contribute to AmerisourceBergen's adjusted diluted EPS within the first year after the closing.
TPG RE Finance Trust, Inc. (NYSE: TRTX) announced it will release its financial results for Q1 2023 on May 2, 2023. The company will also file its Form 10-Q and earnings supplemental after the market closes. A conference call to discuss the results is slated for 10:00 a.m. ET on May 3, 2023. Investors can participate via telephone or through a live webcast accessible on the company’s investor relations website. A replay of the call will be available until May 17, 2023. TPG RE Finance Trust primarily focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the United States. For more information, visit their website.
TPG has signed an agreement to acquire a majority stake in Elite from Thomson Reuters for approximately US$500 million. This acquisition aims to enhance Elite's capabilities in providing practice management solutions to law firms, assisting them in automating financial workflows. The partnership is expected to fuel Elite's growth by allowing it to focus on digital transformations and innovations like AI.
Thomson Reuters will retain a minority stake and board representation, continuing its strategic support. The transaction is anticipated to close in Q2 2023, pending regulatory approvals.