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Fort Worth private equity firm TPG is shopping for three private companies to take public


Fort Worth private equity firm TPG is shopping for three private companies to take public
The firm’s three new SPACs are looking to merge with companies with strong environmental, social and governance principles as well as tech companies that can thrive in public markets.
The Fort Worth skyline, Wednesday afternoon, October 28, 2020.(Tom Fox / Staff Photographer)
TPG, the private equity giant with co-headquarters in San Francisco and Fort Worth, is looking to raise a combined $1 billion through blank check companies to pursue acquisition targets to take public in the next few months.
In regulatory filings, the TPG-sponsored special purpose acquisition companies don’t identify the potential firms they are pursuing. Blank check companies, known as SPACs, typically raise money from investors and go shopping for growing private companies to invest in or buy. They then take the acquisition public and bypass traditional initial stock offering requirements. ....

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