Ropes & Gray advised TPG in a definitive agreement to acquire PTC’s Kepware® industrial connectivity and ThingWorx® Internet of Things (IoT) businesses. TPG will invest in the businesses through TPG Capital, the firm's U.S. and European private equity platform. The deal was announced in a Nov. 5 press release.
The Ropes & Gray team included private equity partners Jay Freedman, Chau Le and Reed Harasimowicz, IP transactions partner Emily Karlberg, employment partner Stephanie Bruce, executive compensation & employee benefits partner Matt Jones, tax partner Tristan Evans-Wilent, finance partner Alex Zeltser, and litigation & enforcement partner Jackie Grise.
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