TPG Inc. (NASDAQ:TPG) shares are trading lower on Tuesday after the company’s subsidiary, TPG Rise Climate, teamed up with GIC to acquire Techem Group for around $7.5 billion.
The purchase price will be paid in two installments: one at closing and the remaining balance in July 2027.
TPG Rise Climate — one of the largest private equity funds focused on global climate solutions — invests in companies that facilitate meaningful decarbonization at scale.
The transaction is anticipated to close in the first half of 2025, pending regulatory approvals.
The …