TPG Capital Management LP completed its acquisition of CollabNet VersionOne, or CollabNet Inc., from Vector Capital Management LP.
CollabNet provides a platform for value stream management, agile planning, DevOps and source code management.
The private equity buyer will invest as much as $500 million to develop CollabNet's platform, as well as help boost the growth of its portfolio and support its strategic acquisitions.
Barclays and RBC Capital Markets were financial advisers to TPG, while Ropes & Gray LLP was its legal counsel.
KeyBank Capital Markets Inc. was financial adviser to CollabNet and Sidley Austin LLP was legal counsel to the company, as well as to Vector Capital.
