Shearman & Sterling advised TPG Inc. on the executive compensation and employment aspects and related governance considerations of its announced acquisition of Angelo Gordon, a cash and equity transaction valued at approximately $2.7 billion. The deal includes an estimated $970 million in cash and up to 62.5 million common units of the TPG Operating Group and restricted stock units of TPG.

The transaction was made public on May 15 in a press release.

TPG is a leading global alternative asset firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions. Angelo Gordon is an alternative investment firm with approximately $73 billion assets under management focused on credit and real estate investing.

The Team