TPG Pace Solutions Corp.

General Information
Business:

(Note: This blank-check company or SPAC offering consists of Class A ordinary shares. This is NOT a unit offering, which is typical for blank-check or SPAC IPOs. TPG Pace Solutions Corp. – proposed symbol TPGS – is incorporated in the Cayman Islands. TPG, the private equity behemoth, has a significant ownership interest in the sponsor of TPGS.)

We intend to acquire one or more businesses that we believe are underperforming their potential in industries that are otherwise exhibiting stable or improving fundamentals.

TPGS is an affiliate of TPG, a leading global alternative investment firm with about $85 billion of assets under management as of Sept. 30, 2020. TPG was founded in 1992 by David Bonderman and James Coulter. In 2015, Jon Winkelried joined TPG as Co-CEO alongside Mr. Coulter (Co-CEO) and Mr. Bonderman (Chairman). Some of TPG’s previous investments include Airbnb (IPO 2020), Box (IPO 2015), C3.ai (IPO 2020), Domo (IPO 2018), Hotwire (sold 2003), McAfee (IPO 2020), Sabre (IPO 2014), Spotify (direct list 2018), Survey Monkey (IPO 2018) and Uber (IPO 2019). TPG is sponsoring two other blank check companies, TPG Pace Beneficial II Corp. (“Pace Beneficial II”) and TPG Pace Tech Opportunities II Corp. (“Pace Tech Opportunities II”) that plan to complete their initial public offerings in the first half of 2021. TPG also backed two other SPACs that bear its name: TPG Pace Beneficial Finance and TPG Pace Tech Opportunities Corp. Both went public in October 2020.

(Note: TPG Pace Solutions Corp. priced its SPAC IPO on April 8, 2021, in sync with the terms in its prospectus: 25 million Class A ordinary shares to raise $250 million.) 

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 301 Commerce St., Suite 3300 Fort Worth, TX 76102
Phone Number (212) 405-8458
Web Address
View Prospectus: TPG Pace Solutions Corp.
Financial Information
Market Cap $284.78mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol TPGS
Exchange NYSE
Shares (millions): 25.0
Price range $10.00 - $10.00
Est. $ Volume $250.0 mil
Manager / Joint Managers Deutsche Bank Securities/ J.P. Morgan/ Goldman Sachs
CO-Managers Northland Capital Markets/ Siebert Williams Shank
Expected To Trade: 4/9/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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