The facts are sourced from an 8-K filed with the SEC via EDGAR, published on May 6, 2025. The deal's current status is pending regulatory review.
The financial advisory roster on the acquirer side includes four firms: BofA Securities, Goldman Sachs, Houlihan Lokey, and Campbell Lutyens, all identified per the source sentence "BofA Securities, Goldman Sachs, Houlihan Lokey, and Campbell Lutyens acted as financial advisors to TPG," with none of the four individually designated as lead. On the target side, Evercore served as financial advisor to Peppertree, per the statement "Evercore acted as financial advisor to Peppertree," also without a lead designation specified.
Legal advisors are disclosed for both sides: Weil, Gotshal & Manges LLP served as TPG's transaction counsel, the acquirer side, while Kirkland & Ellis LLP served as Peppertree's transaction counsel, the target side.
Beyond the classification of this transaction as a cash-and-equity acquisition with an earnout, structured with a disclosed value of $660,000,000, no further detail on the specific cash/equity split or the earnout's terms (such as metrics, thresholds, or payout timing) is included in the facts provided.
Several items are not disclosed in this record: the precise cash-versus-equity consideration mix is not specified, the structure and targets of the earnout are not detailed, and no expected closing date is given beyond the pending-regulatory status.