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TPG Capital acquires Wind River from Intel

TPG Capital acquired Wind River, a provider of internet-of-things software, from Intel Corp. for an undisclosed sum.

Wind River President Jim Douglas will become CEO of the newly independent company, with TPG partner and head of technology investing Nehal Raj serving as board chairman.

TPG Capital is the global private equity platform of alternative asset firm TPG.

Goldman Sachs, J.P. Morgan and RBC Capital Markets were TPG's financial advisers, while Ropes & Gray LLP was its legal counsel.