TPG to acquire Altus Power; Providence sells Tempo Music stake

Deal Wrap is updated as of 3 p.m. ET.

– TPG Global LLC is set to acquire commercial-scale solar power provider Altus Power Inc. Moelis & Co. LLC was financial adviser to Altus Power, and Latham & Watkins LLP was legal adviser. PJT Partners was financial advisor to TPG and Kirkland & Ellis LLP acted as legal counsel.

– RTX Ventures-backed national security-focused software company EpiSys Science Inc. was acquired by Applied Intuition Inc.

– Providence Equity Partners LLC sold a controlling stake in music rights investment platform Tempo Music Investments LLC to Warner Music Group Corp. Moelis & Co. was financial adviser and Weil Gotshal & Manges LLP was legal advisor to Tempo and Providence.

– Montagu Private Equity LLP is set to acquire IGEFI Group s.à r.l., a fund administration software developer doing business as Multifonds, in a carve-out transaction with parent Temenos AG.

– TruArc Partners LP sold fire and life safety services business AI Fire LLC. The sale announcement did not identify an acquirer. TruArc retained an ownership stake in the business. Piper Sandler & Co. was financial adviser to AI Fire, and Weil Gotshal & Manges LLP was legal adviser.

– Avathon Capital acquired preschool operator Yellow Brick Road Early Childhood Development Center. BakerHostetler was legal adviser to Avathon.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.