The fund is led by David Trujillo, managing partner and partner, internet, digital media & communications, and Nehal Raj, partner, software and enterprise technology. The fund reached $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion, TPG said in the release. TTAD marks another step in the evolution of TPG’s platform as we continue to find differentiated ways to deliver value for our investors.” “In developing TTAD, we’re combining our differentiated insight and sector expertise to bring a new capital solution to an emerging class of technology companies and entrepreneurs who are choosing to stay private longer. “The firm has a history of building new, innovative products and strategies to address evolving market opportunities,” Jon Winkelried, Co-CEO of TPG said. TPG, a global alternative assets firm with headquarters in Fort Worth and San Francisco, announced the closing of the $1.6 billion TPG Tech Adjacencies (TTAD), a new investment vehicle that focuses on capital solutions for the technology industry.Īccording to a press release, TTAD aims to provide flexible capital for founders, employees, and early investors who are looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth. INVESTMENTS TPG closes $1.6B technology fund Stitt told the Morning News that Randa is more of a strategic partnership, and that its longtime owners view Haggar as an investment. CEO Michael Stitt will continue to run Haggar, which has been owned by a Taiwanese conglomerate since 2005, when Dallas’ Haggar family sold the business. 1 selling dress pant brand in the nation, will keep its Dallas headquarters and Fort Worth distribution, as well as its 400 local employees. Haggar had sales of more than $500 million in 2018, according to The Dallas Morning News, which said the consolidated revenues of both companies would be roughly $1 billion. Randa is a privately-held company founded in 1910 that produces belts, wallets, headwear, slippers, luggage, neckwear, jewelry, and other accessories under 50 brands, including Levi’s, Tommy Hilfiger, Columbia Sportswear, Dickies, and Kenneth Cole. The acquisition, which would created a roughly $1 billion company, should close by the end of the month, but no financial details were released. Haggar was established in 1926 in Dallas, and has grown from a maker of men’s dress pants and slacks to one of the world’s most-recognized clothing brands. Randa acquires Dallas-based slacks maker Haggarĭallas-based Haggar Clothing Co., an iconic name in the men’s clothing industry, is being acquired by New York-based Randa Accessories, one of the world’s top accessories companies. Have a deal we should know about? Tell us here. Sign up for our e-newsletter to stay in the loop. What companies are finding funding or having a big exit? From startup investments to grants to acquisitions, Dallas Innovates tracks what’s happening in North Texas money every Thursday.
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