Market Chatter: TPG in Lead to Acquire Minority Stake in Creative Planning, Reuters Reports-March 2024-www.financetom.com

Market Chatter: TPG in Lead to Acquire Minority Stake in Creative Planning, Reuters Reports

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Market Chatter: TPG in Lead to Acquire Minority Stake in Creative Planning, Reuters Reports

Sep 30, 2024 2:33 AM

04:45 AM EDT, 09/30/2024 (MT Newswires) -- TPG (TPG) is expected to acquire a $2 billion minority stake in wealth management firm Creative Planning, Reuters reported Saturday, citing unnamed people familiar with the matter.

The deal would value the company at more than $15 billion, the report said. The deal could be announced in the coming days.

On Thursday, TPG agreed to acquire a minority stake for wealth management firm Homrich Berg.

TPG and Creative Planning did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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