TPG / NEW MOUNTAIN to acquire HB

TPG and New Mountain have agreed to acquire HB, a financial services business, in a private equity acquisition announced on 10 October 2024. The transaction involves a consortium of investment firms purchasing the target company, though the specific consideration structure and deal value remain undisclosed. No information regarding the countries of operation for either party has been reported in the available data.

The deal is currently in review, pending necessary regulatory approvals and other standard closing conditions. As the transaction has not yet been completed, the final terms and the exact timing of the closing remain subject to change. This acquisition represents a significant move within the financial services sector, marking a new chapter for the management and ownership of the target entity. The parties are expected to proceed with the transaction once all required consents are secured.