Your Portal for Key Energy Information and Research

TPG Growth

Company Summary

Description

TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With more than $8.3 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has more than $73 billion of assets under management.

Related Entities

Recent news

Company Transactions

Date: 8/15/2018
Type: Acquisition

BUYERS:
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
  • Williams Companies, Inc.
    • SELLERS:
  • TPG Growth
  • Discovery DJ Services LLC
    • ASSETS:
  • Fort Lupton Natural Gas Processing Plant
  • Discovery DJ System
    • PROJECTS:
  • Discovery DJ Basin Gathering System Expansion
  • Discovery DJ Basin Natural Gas Processing Plant
  • Fort Lupton Natural Gas Processing Plant III
    • DETAILS:

    COST: 1173 $MM

    NOTES:
    Williams will serve as operator and hold 40% ownership while KKR holds the other 60% stake via a joint venture. Williams will then provide growth capital which will allow them to boost their stake to 50%, and they have the option to acquire KKR's entire ownership stake within six-years of close. The current Discovery system includes 60 Mmcf/d in active processing capacity and another 200 Mmcf/d scheduled for completion in 2018, 130-miles of natural gas pipeline, 260,000 dedicated acres for the gas business and another 60,000 dedicated acres for oil gathering.
    REGIONS:
  • DJ Basin

    • Date: 7/25/2017
    Type: Acquisition

    BUYERS:
  • TPG Growth
    • SELLERS:
  • Discovery Midstream Partners
    • DETAILS:
    NOTES:
    TPG Growth, the middle market and growth equity platform of global alternative asset firm TPG, announced it has entered into a definitive agreement to acquire Discovery Midstream
    REGIONS:
  • DJ Basin