TPG Capital completes Wind River acquisition
NewsJune 27, 2018
ALAMEDA, Calif. Officials at TPG Capital completed the acquisition of Wind River. Terms of the transaction are not being disclosed.
TPG’s acquisition of Wind River from Intel was announced on April 2018. The 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.
“This acquisition provides the company with the additional resources and focus needed to further differentiate itself as a market-leading provider of software for Industrial IoT. We look forward to working closely with management to identify and execute on opportunities to invest in organic and inorganic growth," Raj says.
Goldman Sachs, J.P. Morgan, and RBC Capital Markets acted as financial advisors to TPG. Ropes & Gray LLP served as legal counsel to TPG.
