TPG Capital acquires majority stake in Transporeon

"Since our foundation in 2000, we have been providing our customers with web-based solutions that make tendering, order placement, time slot booking and tracking & tracing simple and efficient," says Peter Förster, co-founder of Transporeon. "We are very proud of the size of our company that we have achieved with our offering to date."

"Riverside has been instrumental in our growth over the past five years, helping us to enter new markets and expand our offering," says Marc Simon, also co-founder of Transporeon. "We are very grateful for this fruitful partnership and are now looking forward to continuing on this successful path with TPG."

"TPG Capital is a leading global investor in internet and technology companies, especially in the transportation industry," says Martin Mack, another co-founder of Transporeon. "We are very much looking forward to working with TPG and will particularly benefit from their expertise in developing networks and transportation companies."

"We are convinced that the supply chain sector, which has long been an inefficient and underdeveloped area with traditional manual processes, will evolve into a highly automated sector with the help of increasing digitalization," says Malte Janzarik, Principal of TPG Capital. "Transporeon is one of the main drivers of this trend and is well positioned to connect thousands of market participants to achieve massive efficiency gains. We are very much looking forward to working with Marc, Peter, Martin and their team; we want to help further expand the well-established platform and the breadth of applications and thus support the successful course."

In recent years, TPG has been particularly active in companies that use technology and software to offer companies across all industry sectors more efficient solutions. Among others, TPG has invested in the following internet and technology companies: Advent Health, Airbnb, Eze Software, IMS Health, Sabre, Uber and Vertafore. TPG is also involved in numerous other companies, including the European companies TES (online teacher network and e-learning platform), Frank Recruitment Group (IT recruitment) and P3 (specialist owner, developer and asset manager of logistics real estate) as well as the leading Russian retail chain Lenta. red

About TPG: TPG is a leading global private equity firm founded in 1992 with more than $70 billion in assets under management. Today, TPG has offices in Austin, Beijing, Dallas, Fort Worth, Hong Kong, Houston, Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, São Paulo, Singapore, and Tokyo. TPG's investment platforms cover a broad range of asset classes: Private Equity, Venture Growth Companies, Real Estate, Credit, and Public Equity. TPG creates value for investors through dynamic products and options. It places particular emphasis on discipline and operational excellence in terms of investment strategy and portfolio performance.

About The Riverside Company: The Riverside Company is a global private equity firm specializing in majority and minority investments in high-growth companies with enterprise values of up to €350 million. Riverside was founded in 1988 and has since completed over 430 transactions. The international investment portfolio currently comprises more than 80 companies.