TPG to Acquire Majority Stake in Conservice

Reuters12-23 05:20
TPG to Acquire Majority Stake in Conservice

TPG will acquire a majority stake in Conservice, a leading utility management platform for the property management industry. The deal will see TPG invest through its U.S. and European private equity platform, joining Advent International, which will retain a significant minority interest in the company. TA Associates will fully exit its stake in Conservice as part of the transaction. The deal is expected to close in the first quarter of 2026, subject to customary approvals and closing conditions. Terms of the transaction were not disclosed.

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