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TPG Capital Closes Acquisition of IoT Software Provider Wind River.


26 June 2018 - US-based alternative asset firm TPG's TPG Capital private equity platform has completed its acquisition of Internet of Things software specialist Wind River, the firm said.

TPG's acquisition of Wind River from Intel was announced on 3 April.

Terms of the transaction are not being disclosed.

For nearly 40 years, Wind River has helped the world's technology leaders power generation after generation of the safest, most secure devices in the world.

The company's software runs the computing systems of the most important modern infrastructure and is accelerating the evolution from automated to autonomous systems across a range of use cases, from collaborative robots to commercial and military drones, connected cars to the connected factory floor, as well as the intelligent communication networks that support these applications.

This newly independent company will be led by Wind River president and now chief executive officer Jim Douglas.

Nehal Raj, Partner and head of technology investing at TPG, will serve as chairman of the company's board of directors.

TPG has a history of partnering with dynamic companies that are changing and enhancing different markets through innovative technology.

Across platforms, select investments include C3 IoT, CCC Information Services, IQVIA (formerly QuintilesIMS), Intergraph, McAfee, Mediware Information Systems,, and Zscaler.

Wind River is in delivering software for the Internet of Things.

The company's technology has been powering the safest, most secure devices in world since 1981 and is found in more than 2bn products.

Goldman Sachs, J.P. Morgan, and RBC Capital Markets acted as financial advisors to TPG. Ropes and Gray LLP served as legal counsel to TPG.

Country: USA

Sector: Computer Software

Target: Wind River

Buyer: TPG Capital


Deal size in USD:

Type: Corporate Acquisition


Status: Closed

Buyer advisor: Goldman Sachs , J.P. Morgan , RBC Capital Markets

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jun 26, 2018
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