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TPG Growth and The Rise Fund to Acquire CLEAResult

Vinson & Elkins advised TPG Growth and The Rise Fund in an agreement to acquire CLEAResult, the country’s leading provider of energy efficiency solutions for utility companies. TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, a global impact investing fund managed by TPG, will be co-investors in acquiring the company from General Atlantic, a leading global growth equity firm. Financial terms of the transaction were not disclosed.

The V&E corporate team was led by partners Keith Fullenweider and Lande Spottswood, with assistance from associates Robert Hughes, Connor Long and Kathryn Hastings. Also advising were partner John Lynch; partner Jo Ann Biggs; partner David Wicklund; partners Devika Kornbacher, Hilary Preston and Craig Tyler; partners Neil Imus and Darren Tucker; partner Amy Riella and counsel Sarah Mitchell, Dan Gerkin and Marisa Antos-Fallon; partner Tom Wilson, counsel Martin Luff and senior associate Christie Alcala; partner Stephen Jacobson; and senior associate Matthew Dobbins.

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