TPG Growth, TPG‘s middle-market and private equity platform, has made a $336 million investment in Denodo, a data management company.
The Denodo platform offers data integration, management and delivery services to enable self-service BI, data science, hybrid/multi-cloud data integration and enterprise data services. The transaction includes both primary capital and a secondary sale of shares by HGGC, which will remain a significant investor.
“With a market leading Net Promoter Score of over 50, the company has built a notable roster of marquee, global customers including TPG, and we see a tremendous opportunity to accelerate Denodo’s expansion going forward,” says Mike Zappert, partner at TPG.
J.P. Morgan acted as sole placement agent for the transaction.