{"id":957826,"date":"2025-08-27T07:58:49","date_gmt":"2025-08-27T02:28:49","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=957826"},"modified":"2025-08-27T08:08:28","modified_gmt":"2025-08-27T02:38:28","slug":"tpg-beats-advent-to-emerge-frontrunner-for-tessolve-stake-to-invest-140-150-million-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/27\/tpg-beats-advent-to-emerge-frontrunner-for-tessolve-stake-to-invest-140-150-million-2\/","title":{"rendered":"TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140\u2013150 million"},"content":{"rendered":"<p>Mumbai: TPG Inc has emerged as the frontrunner to buy a significant minority stake in Tessolve, the semiconductor design and engineering company majority owned by Hero Electronix, people familiar with the matter told ET. <\/p>\n<p>TPG&#8217;s growth fund has signed an exclusivity pact with Tessolve for starting final deal negotiations, beating a bid from rival PE group Advent International, valuing the Bengaluru-headquartered firm at $475 million-500 million (\u20b94,158-4,377 crore). TPG has proposed to invest $140-150 million (\u20b91,225-1,313 crore) in Tessolve, as part of the deal, the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: TPG Inc has emerged as the frontrunner to buy a significant minority stake in Tessolve, the semiconductor design and engineering company majority owned by Hero Electronix, people familiar with the matter told ET. TPG&#8217;s growth fund has signed an exclusivity pact with Tessolve for starting final deal negotiations, beating a bid from rival PE group Advent International, valuing the Bengaluru-headquartered firm at $475 million-500 million (\u20b94,158-4,377 crore). TPG has proposed to invest $140-150 million (\u20b91,225-1,313 crore) in Tessolve, as part of the deal, the people said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,4,10],"tags":[],"class_list":["post-957826","post","type-post","status-publish","format-standard","hentry","category-it-2-business-standard-newspapers","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=957826"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/957826\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=957826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=957826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=957826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}