TPG Makes Majority Investment in Trustwell

In The News
January 7, 2026

Ropes & Gray represented TPG in its majority investment in Trustwell, a leading provider of SaaS-based regulatory, compliance, and traceability solutions for the food industry. The investment was made through The Rise Funds, the multi-sector strategy of TPG’s global impact investing platform. Financial terms of the transaction were not disclosed. The deal was announced in a press release on Jan. 5.

The Ropes & Gray team included private equity partners Jay Freedman and Chau Le and counsel Peter Wang, executive compensation & employee benefits partner Danna Kivell, employment partner Richard Kidd, tax partner Tristan Evans-Wilent, IP transactions partner Erica Han, and life sciences regulatory & compliance partner Greg Levine.