TPG Capital buys controlling stake in digital services company Altimetrik

TPG Capital has acquired a majority stake in Altimetrik, a US-based pure-play digital business firm, the company announced on Thursday. Altimetrik is owned by Indian American entrepreneur Raj Vattikuti.

Though the company has not disclosed the deal size, TPG has acquired about 60% stake at a valuation of $1.5 billion (Rs 12,500 crore), sources said.