TPG consortium packages up $1.38bn bid for Smartgroup

TPG consortium packages up $1.38bn bid for Smartgroup

US private equity firm TPG Capital is leading a $1.38bn bid for Australian salary packaging and fleet management services company Smartgroup. TPG, alongside Australian PE investor Potentia and Aware Super, has secured a four-week exclusive look at Smartgroup’s books...
PSG closes latest private equity fund at $4.5bn

PSG closes latest private equity fund at $4.5bn

Providence Strategic Growth Capital Partners closed its latest flagship private equity fund, PSG V, at its hard cap of $4.5bn, the company announced in a news release Tuesday. The fund targets investments in middle-market software and technology-enabled services...