Jul 15, 2026 – 5.00amIt’s no secret that TPG is on track for a punchy year on the exits front, having divested $2 billion drinks maker Made Group to Paris-listed Danone and all but persuaded supermarkets giant Coles to take pets and vets business Greencross off its hands.Now, Street Talk can reveal the buyout firm’s $1.5 billion growth fund has quietly ruled off a new deal.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
TPG snaps up Sydney-born business, bests rival buyout firm Adamantem
The transaction was signed over the weekend and values Zembl at north of $250 million on an enterprise value basis, the sources said.
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