People 2.0 Receives Majority Investment From TPG

Technology & Services

People 2.0, a portfolio company of CIP, majority investment from TPG


Summary

People 2.0 Global Holdings Inc. (“People 2.0”), a portfolio company of CIP Capital (“CIP”), has received a majority investment from TPG Growth (“TPG”). Terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to People 2.0 Global Holdings Inc. on this transaction.

About

People 2.0 is the leading, independent, global, workforce-deployment platform for market makers in talent which include staffing agencies, search and recruitment firms, mass talent procurement organizations, and consulting/contracting/compliance companies.

CIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Tech-Enabled Services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services.

TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $15.4 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $85 billion of assets under management.
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Technology & Services

People 2.0, a portfolio company of CIP, majority investment from TPG

Date
February 2021
Company
People 2.0 Global Holdings Inc.
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Human Capital Technology & Solutions
Target Location
North America
Acquiror Location
North America

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