Deal Details
TPG Growth and the Rise Fund Acquires CLEAResult
Summary
TPG Growth and The Rise Fund have acquired CLEAResult Consulting, Inc. (“CLEAResult”), a portfolio company of General Atlantic LLC (“General Atlantic”). Financial terms of the transaction were not disclosed.
Baird served as financial advisor to TPG Growth on this transaction.
About
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.5 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. TPG Growth is backed by the resources of TPG, which has more than $82 billion of assets under management. TPG Growth is headquartered in San Francisco, California.The Rise Fund is the world’s largest global fund committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. The Rise Fund is managed by TPG Growth. The Rise Fund invests in education, energy, food and agriculture, financial services, growth infrastructure, healthcare, and technology, media and telecommunications companies that deliver complete returns.
CLEAResult is the largest provider of energy efficiency programs and services in North America. Through proven strategies tailored to clients’ unique needs and market dynamics, the combined strength of experienced energy experts and technology-enabled service offerings help CLEAResult change the way people use energy for hundreds of utility and business partners. Founded in 2003, CLEAResult is headquartered in Austin, Texas, and has more than 2,500 employees in more than 60 cities across the United States and Canada.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. General Atlantic has more than 115 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore.
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- Date
- August 2018
- Company
- TPG Growth and The Rise Fund
- Transaction
- M&A - Buyside
- Sectors
-
Technology & Services
Energy - Verticals
-
Energy Transition Solutions
Facility, Industrial, Residential & Environmental Services
Energy
- Target Geography
- North America
- Acquiror Geography
- North America
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