TPG (TPG) Announces Launch of Secondary Public Offering

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that DB Holdings I, L.P., a vehicle controlled by, and for the benefit of, the estate of David Bonderman (the “Bonderman Estate”), intends to offer 21,000,000 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering consists entirely of secondary shares to be sold by the Bonderman Estate. The Bonderman Estate will receive all of the proceeds from the offering and intends to use them to satisfy certain estate obligations. The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.

In connection with the offering, the Bonderman Estate and certain related entities have entered into lock-up agreements whereby they have agreed not to offer or sell any Common Stock (or securities convertible into or exchangeable for Common Stock) for a period of nine months from the date of the prospectus supplement filed in relation to the offering.

J.P. Morgan is acting as the underwriter for the offering.

The underwriter proposes to offer the shares of Common Stock from time to time for sale in one or more transactions on Nasdaq, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

You May Also Be Interested In

• Solstice scraps Element Solutions deal, approves $500M buyback
• Mint Incorporation prices $2.5M direct offering at $1 per share
• Pluri prices $3.3M direct offering at $1.50 per share