TPG Growth

Sabre Corporation provides technology solutions to the global travel and tourism industry. It operates through three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network unit serves as a B2B travel marketplace, offering inventory, prices and availability from airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators to online and offline travel buyers. Airline Solutions delivers software products and services via software‑as‑a‑service and hosted delivery to airlines and other travel suppliers, including reservation, marketing and planning tools and operations management. Hospitality Solutions supplies hotel reservations and distribution software through SaaS and hosted delivery, featuring a central reservation system, property management, and revenue management services. Sabre also pursues AI‑driven initiatives through partnerships, such as with Google, and maintains a portfolio of established products like SynXis and SabreSonic. The company is headquartered in Southlake, Texas, and serves customers worldwide.

DIRECTV is an American provider of satellite and digital television entertainment services based in Englewood, Colorado. It offers live television, streaming and on-demand content across sports, news, movies, family and local programming, including live NFL games, and supports access via satellite, streaming and on-demand formats.

APIIT Education Group has emerged over the years as one of Malaysia’s Largest Education Groups addressing all levels of Education. The Asia Pacific University of Technology & Innovation (APU) is amongst Malaysia’s Premier Private Universities, and is where a unique fusion of technology, innovation and creativity works effectively towards preparing graduates for significant roles in business and society globally. APU has earned an enviable reputation as an award-winning University through its achievements in winning a host of prestigious awards at national and international levels, as well as an excellent track record in producing highly employable graduates who are able to immediately contribute to industry upon graduation. Originally established as the Asia Pacific Institute of Information Technology (APIIT) in 1993 and the Asia Pacific University College of Technology & Innovation (UCTI) in 2004, APU’s sound approach to nurturing school leavers into qualified professionals has resulted in their graduates being highly sought after by employers. With an international student community from more than 100 countries studying in its Malaysian campus, APU offers a truly cosmopolitan learning environment which prepares students well for the global challenges which lie ahead. While Technology forms a common core as an enabler across its academic programmes, APU offers a broad range of programmes encompassing areas such as Computing, Technology and Engineering, as well as programs in Business, Accounting and Banking & Finance. The Asia Pacific Language Centre (APLC) is the specialized Language Centre of The Asia Pacific University of Technology & Innovation (APU) and the APIIT Education Group, located in Kuala Lumpur, Malaysia. APLC offers a wide range of quality English language courses which are specifically designed to improve English in a warm, friendly and professional learning environment. APLC is also a British Council authorised Testing Centre for IELTS. They offer English language intensive study & holiday packages as well as programmes which are customized to address specific needs of their clients. The Language Centre also regularly organizes exciting social programmes to enhance the overall student learning experience and provide students with a fantastic Malaysian experience in Kuala Lumpur. As Institutions within the APIIT Education Group, APLC & APU offer a truly cosmopolitan learning environment which prepares students well for the global challenges which lie ahead. APU offers a wide range of degrees with Technology as a common core. It is APU’s aim to nurture and encourage innovation through their programmes, with the intention of producing individuals who will learn, adapt and think differently in new and better ways. In this regard the Asia Pacific Language Centre plays an important role in preparing students with the right level of language and professional skills which they require in order to achieve success as they eventually progress into their academic studies at APU. The Asia Pacific Schools, as integral developments within the APIIT Education Group, offer both the National and International Curricula, through the Asia Pacific Smart School (APSS) and Asia Pacific International School (APIS), respectively.

Trumid Financial LLC is a financial technology company based in New York that specializes in electronic trading solutions for the credit market. Founded in 2014, Trumid operates the Trumid Market Center, an electronic trading network specifically designed for corporate bonds, and offers Trumid Bond Stream, a tool that provides TRACE pricing data. The company focuses on enhancing the credit trading experience by integrating advanced technology with market expertise, facilitating direct access to liquidity and valuable market intelligence for professionals in the corporate bond sector. Additionally, Trumid Labs leverages data science to manage its network and provide bond price lookup services, enabling participants to make informed trading decisions. Trumid operates as a subsidiary of Trumid Holdings LLC.

Toast is a cloud-based point-of-sale and restaurant-management platform for the food service and hospitality industry. It offers an end-to-end system that combines front-of-house and back-of-house functionality, including tableside ordering, online ordering, delivery tracking, labor management, and real-time reporting. The platform serves a broad range of establishments such as restaurants, bakeries, cafes, bars, nightclubs, and pizzerias, with a focus on mid-market operators primarily in the United States. Toast generates revenue from the sale of restaurant-grade hardware and recurring subscriptions and services tied to transaction volume. As of fiscal 2024, it served approximately 134,000 restaurant locations, and its typical customer generates slightly more than $1 million in annual revenue. The company is headquartered in Boston and maintains additional offices in Portland, Oregon; Omaha, Nebraska; and Dublin, Ireland.

Wave is a leading provider of video, internet and phone services on the West Coast, serving customers in communities in Washington, Oregon, and California. Wave, founded in 2003, is part of WaveDivision Holdings, LLC, which currently serves over 455,000 residential and business customers in Washington, Oregon, Sacramento, and the San Francisco Bay Area. WaveDivision Holdings is headquartered in Kirkland, Washington. Owned and operated by local industry leaders, WaveDivision Holdings supports its customers with decades of cable know-how. Its mission is to provide 100% of its cable systems with the latest technologies and upgrades including high-speed internet, digital cable, home phone service, international programming, DVR, HDTV, and TV On Demand services.

McAfee is a leading cybersecurity company offering advanced security solutions for consumers, businesses, enterprises, and governments. It provides comprehensive protection against viruses, malware, phishing, and other online threats through its endpoint and mobile security solutions, network security products, cloud security services, and identity protection tools. McAfee's offerings are managed centrally via the McAfee ePolicy Orchestrator, ensuring efficient security infrastructure management.

Founded in 1996, RCN specializes in providing cable television, high-speed internet, digital phone services, and business data solutions. Initially focusing on the Northeast Corridor and Chicago markets, RCN expanded its offerings through strategic acquisitions such as Con Edison Communications and NEON Communications. Today, RCN serves residential customers, small businesses, and medium to large carriers through its advanced fiber-optic network.

Grande Communications Networks is a telecommunications company based in San Marcos, Texas, that offers a comprehensive range of services for both residential and business customers. The company specializes in high-speed internet, local and long-distance telephone services, and digital cable television. In addition to these core offerings, Grande provides a variety of advanced network solutions, including fiber internet services, wireless home networking, and advertising services. The company also caters to small and enterprise businesses with data, voice, and video services, commercial development, colocation, and customer support. With a focus on delivering high-quality communication solutions, Grande Communications Networks serves a diverse clientele, ensuring connectivity and service excellence.

Creative Artists Agency (CAA) is a global talent and entertainment agency, established in 1975 and headquartered in Los Angeles, California. It represents a diverse range of clients, including actors, directors, writers, musicians, athletes, and brands, across various industries such as film, television, music, sports, and digital media. CAA offers comprehensive services, including talent management, brand consulting, licensing, and strategic marketing, connecting artists and brands to create and monetize entertainment properties worldwide. With offices in major cities across the U.S., Europe, and Asia, CAA's extensive network and expertise make it a leading force in the entertainment industry.

Katalyzers is a principal investment firm based in Gurgaon, India, that specializes in the digital media and technology sectors, particularly focusing on the Internet. Established in 2014 as a joint venture between Smile Group and TPG Capital, Katalyzers combines local operational expertise with significant financial resources to support its investments. The firm actively invests in the Asia Pacific, Middle East, and Africa regions, leveraging strong media relationships and access to a network of local entrepreneurs and talent. Katalyzers aims to facilitate business growth by providing comprehensive resources, including technology infrastructure and capital support, to enhance the performance of its portfolio companies.

Artel, LLC is a provider of secure network communication and managed network services for both private and public sector clients. Founded in 1986 and based in Herndon, Virginia, the company specializes in a range of information technology and telecommunications solutions. Its offerings include strategic planning, satellite and terrestrial network integration support, and comprehensive network monitoring and control services. Artel also delivers cyber security solutions, risk management, and emergency planning, ensuring that clients can securely manage their information technology infrastructures and networks. The company is equipped to support various sectors, providing essential services such as real-time monitoring, advanced threat detection, and compliance management, facilitating safe and efficient communication for its global clientele.

Creative Artists Agency (CAA) is a global talent and entertainment agency, established in 1975 and headquartered in Los Angeles, California. It represents a diverse range of clients, including actors, directors, writers, musicians, athletes, and brands, across various industries such as film, television, music, sports, and digital media. CAA offers comprehensive services, including talent management, brand consulting, licensing, and strategic marketing, connecting artists and brands to create and monetize entertainment properties worldwide. With offices in major cities across the U.S., Europe, and Asia, CAA's extensive network and expertise make it a leading force in the entertainment industry.

FPT Corporation is a leading information technology and telecommunications company based in Hanoi, Vietnam, with operations extending internationally. Founded in 1988, the company specializes in providing a wide range of IT and telecommunications products and services, which are segmented into Information Technology and Telecommunication, as well as Investment, Education, and Other services. FPT offers internet services for both individuals and enterprises, including internet leased lines, telecommunication solutions, domain hosting, and IPTV. In addition, the company provides various online services such as digital advertising and e-payment solutions. FPT is also recognized for its expertise in software development, digital transformation, IT system integration, and quality assurance testing. It supports businesses with consultancy on modern technologies, including the Internet of Things, and offers a range of IT equipment and data center services. Furthermore, FPT provides training in IT and business management at various educational levels. The company rebranded from The Corporation for Financing and Promoting Technology to FPT Corporation in December 2008.

A fundamental shift has occurred in communications services. The change affects a company's ability to grow. It impacts revenues and profitability. It determines how well an enterprise can serve its customers, work with its partners, support its employees. Yet, surprisingly, it is often overlooked by top executives. Quite simply, communications services have become mission critical. Voice, data, cellular, local, long distance, Internet access, DSL, VPN, calling cards, PBX, voice mail, unified messaging, network management, broadband access – these services are the lifeblood of any enterprise that wants to tackle global markets, innovate at Internet speed, and engage in the continuous transformation that is demanded by today's competitive environment. Unfortunately, the process of procuring and managing them has become increasingly chaotic and costly. Communications has become the third largest operational expense in mid-size companies. Even at that expense, much of it remains hidden, scattered throughout the enterprise, distributed among the business units, duplicated by mergers and acquisitions. Communications managers find themselves inundated with a mind-numbing array of service options, overwhelmed with literally boxes of bills, and continually asking for more headcount. Managing these multiple vendors diverts critical resources away from core business initiatives. Billing errors reduce funding for research, product development, marketing, and sales. Outages and downtime undermine relationships with customers and partners. With so much at stake, a comprehensive, single-source solution is needed for procuring and managing communications services.

WR Hambrecht + Co., LLC is a financial services firm based in San Francisco, California, with additional offices in New York, Boston, Philadelphia, and Seattle. Founded in 1998 by William and Robert Hambrecht, the company specializes in providing underwriting, corporate advisory, equity research, sales and trading, electronic brokerage, and private equity services, particularly to technology and emerging growth companies. WR Hambrecht employs Internet and auction processes to enhance capital access for companies while offering a variety of products, including the OpenIPO Auction and the A+ IPO. The firm's approach focuses on helping businesses raise capital at the lowest cost and achieve market pricing, thereby facilitating their growth and public offerings. Notable clients include NETSUITE, Google, MORNINGSTAR, and XBiotech.

Quantum Bridge Communications, established in 1998 and based in North Andover, Massachusetts, specializes in developing advanced Optical Access Networking equipment. This technology aims to resolve bandwidth limitations in the initial segment of public networks, enabling telecommunications service providers to offer high-bandwidth services efficiently to business customers. The company's product line is engineered to fulfill the network demands of service providers, facilitating the delivery of voice, video, and data services to both residential and business users.

Star One AG, a new wireless broadband telecommunications company headquartered in Frankfurt, Germany.

FirstWorld Communications, Inc. is a full-service business Internet provider with distributed Internet data centers, offering Internet solutions to small-to-medium sized businesses. Utilizing fiber optic and DSL technologies, FirstWorld provides broadband solutions including high-speed Internet access, digital subscriber line (DSL), web hosting, data center collocation, e-business solutions, web integration and consulting, and telephony services.

Advanced Telecom Group is a telecommunications service provider based in Washington. The company offers services related to telephone and voice mail systems installations, service, and repair. It also offers voice, data, fiber, and video cabling services.

DASAN Zhone Solutions is a global provider of network access solutions, specializing in telecommunications equipment for both service providers and enterprises. Formed from the merger of DASAN Network Solutions and Zhone Technologies in 2016, the company serves over 800 customers, including prominent carriers worldwide. Its product portfolio encompasses broadband access, mobile backhaul, Ethernet switching, passive optical LAN, and software-defined networks. DASAN Zhone Solutions' innovative technologies enable operators to efficiently deliver a variety of services such as broadband, VoIP, and IPTV over both copper and fiber networks. The company simplifies network operations by consolidating multiple services onto a single access line, enhancing reliability and quality while facilitating new service offerings. Headquartered in California, DASAN Zhone Solutions has research and development centers across the U.S., Korea, China, Vietnam, and India, with manufacturing operations in the U.S., Korea, and China. Its primary markets include North America, Latin America, Europe, the Middle East, Africa, and Asia.

A fundamental shift has occurred in communications services. The change affects a company's ability to grow. It impacts revenues and profitability. It determines how well an enterprise can serve its customers, work with its partners, support its employees. Yet, surprisingly, it is often overlooked by top executives. Quite simply, communications services have become mission critical. Voice, data, cellular, local, long distance, Internet access, DSL, VPN, calling cards, PBX, voice mail, unified messaging, network management, broadband access – these services are the lifeblood of any enterprise that wants to tackle global markets, innovate at Internet speed, and engage in the continuous transformation that is demanded by today's competitive environment. Unfortunately, the process of procuring and managing them has become increasingly chaotic and costly. Communications has become the third largest operational expense in mid-size companies. Even at that expense, much of it remains hidden, scattered throughout the enterprise, distributed among the business units, duplicated by mergers and acquisitions. Communications managers find themselves inundated with a mind-numbing array of service options, overwhelmed with literally boxes of bills, and continually asking for more headcount. Managing these multiple vendors diverts critical resources away from core business initiatives. Billing errors reduce funding for research, product development, marketing, and sales. Outages and downtime undermine relationships with customers and partners. With so much at stake, a comprehensive, single-source solution is needed for procuring and managing communications services.

Founded in 2004 and based in Ohio, Peppertree Capital Management is a private equity firm specializing in growth equity investments primarily in telecommunication infrastructure companies worldwide.