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Eyes more acquisitions as share price jumps 15% on opening day.
January 17, 2022
By: TOM BRANNA
Editor
TPG has invested in Rodan + Fields, E.l.f. Cosmetics and Beautycounter. But after its IPO jumped 15% last week, the private equity firm has even more cash to make bigger deals. The San Francisco and Fort Worth, TX-based company will use 40% of the proceeds to buy back stock from existing investors and the rest to support its operations, pursuing new lines of business or new markets. TPG has $109 billion in assets under management. It has about 912 employees across eight countries keeping ...
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