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TPG Capital to Acquire a Majority Stake in Leading Cloud-based Logistics Platform Transporeon

The North-American- and European-focused private equity platform of leading global alternative asset firm TPG, has entered into a definitive agreement to acquire a majority interest in Transporeon from The Riverside Company and other shareholders.

“Riverside has been essential to our growth throughout the last five years while we have expanded into new geographies and enhanced our product offerings,” said Marc Simon, co-founder of Transporeon. “We thank them for their partnership and look forward to building on this momentum with TPG.” TPG is widely recognized as a leading investor in software, technology and has the know-how to drive growth and product innovation to European cloud-based logistics platform company partner.

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