TPG To Acquire GE Vernova’s Proficy Manufacturing Software Business for $600 Million

Ropes & Gray represented TPG in a binding agreement with GE Vernova Inc. to acquire its Proficy^® manufacturing software business for $600 million. Proficy’s software portfolio solves industrial challenges across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. The agreement was announced on Sept. 11 in a press release.

TPG is a leading global alternative asset management firm with $261 billion of assets under management and investment and operational teams around the world.

The team was led by private equity partners Jay Freedman and Chau Le and included IP transactions partner Emily Karlberg, tax partner Tristan Evans-Wilent, employment partner Stephanie Bruce, executive compensation & employee benefits partner Matt Jones, finance partner Alex Zeltser, private equity partners Fabrice Cohen and Emmanuel Mimin, litigation & enforcement partners Ama Adams, Jackie Grise Lester and Emerson Siegle, and private equity associate Brooke Szalapski.