TPG Growth acquires a majority stake in Morrow Sodali

Morrow Sodali, the leading global shareholder engagement and governance advisory firm, announced yesterday that TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, has acquired a majority stake in the company.

“Joining forces with an organization of TPG's strength and breadth will allow us to further enhance our market leadership position,” said Morrow Sodali’s CEO, Alvise Recchi, in the article published in Il Sole 24 Ore. 

Ransom Langford, Partner at TPG, added: "Morrow Sodali’s differentiated ability to deliver results for its diverse set of clients, combined with a commitment to its values of integrity, excellence, collaboration, innovation and respect creates a unique opportunity for our partnership.”

“TPG’s investment proves the importance of this business. As we move forward with TPG’s backing, we’ll be able to grow value for our clients and reinforce our global footprint”, explains Andrea Di Segni, Managing Director of Morrow Sodali.

Morrow Sodali hopes to use TPG’s financial resources and global network to further expand beyond the United States, which now accounts for about half of its revenue. The company has made several highly strategic, global acquisitions and personnel investments in the past five years and its business continues to grow. It currently operates in over 80 markets, and plans to hire more local talent and make acquisitions in Europe and Asia.

TPG Growth, which has over $14.7 billion in assets under management, has been investing in companies across industries from business services to software, and went public in January after raising $1 billion in a U.S. initial public offering at a valuation of $9.1 billion.

Read the full article here (in Italian).