Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • September
  • Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say
  • Business

Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say

Editor September 29, 2024
2024-09-28T180424Z_1_LYNXMPEK8R09M_RTROPTP_4_TPG-IPO

By Milana Vinn and David French

(Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday.

The deal would mark TPG’s second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the sector that generates lucrative fee income for managers. On Thursday, TPG clinched a deal to buy a minority stake in Homrich Berg.

San Francisco-based TPG is set to prevail in an auction for the stake in Creative Planning that drew interest from other buyout firms, including Permira, the sources said, requesting anonymity as the discussions are confidential. The deal could be announced in the coming days, the sources added.

If the talks are successful, TPG would become one of the owners in the wealth manager, alongside private equity firm General Atlantic which acquired a minority stake in Creative Planning in 2020.

TPG and Permira declined to comment. Creative Planning did not immediately respond to requests for comment.

Wealth managers have traditionally attracted robust interest from private equity firms who like to back companies that generate steady cash flows. The wealth management industry’s fragmented nature also means companies can grow quickly through acquisitions of rivals.

Overland Park, Kansas-based Creative Planning offers services including financial and tax planning, retirement plans and financial consultancy for businesses, and managed more than $300 billion of assets at the end of 2023, according to its website.

Last year, Creative Planning agreed to buy the personal financial unit of Goldman Sachs, after the Wall Street bank undertook a strategic overhaul at its wealth management unit to focus on high net-worth individuals, following its exit from the consumer lending business.

Founded in 1992 by private equity executives Jim Coulter and David Bonderman, TPG had about $229 billion in assets under management as of the end of June, up 65% from a year earlier. The firm, which is currently led by Jon Winkelried, posted a 60% jump in fee-related income from managing assets in its most recent quarter.

(Reporting by Milana Vinn and David French in New York; Editing by Anirban Sen and Chizu Nomiyama)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Kremlin says Russia’s updated nuclear doctrine is being formalised
Next: Online sellers on Walmart’s Flipkart sue India watchdog over antitrust probe

Related Stories

2025-08-22T225658Z_1_LYNXMPEL7L0XW_RTROPTP_4_META-PLATFORMS-RESULTS
  • Business

Meta partners with Midjourney to license AI tech for future products

Editor August 23, 2025
2025-08-22T231059Z_1_LYNXMPEL7L0Y2_RTROPTP_4_DATABRICKS-M-A-1
  • Business

Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push 

Editor August 23, 2025
2025-08-22T172230Z_1_LYNXMPEL7L0Q4_RTROPTP_4_EU-APPLE-META-PLATFORMS-ANTITRUST-7
  • Business

Apple in talks to use Google’s Gemini AI to power revamped Siri, Bloomberg News reports

Editor August 23, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike
  • China’s support for multilateralism is vital, says UN’s Guterres
  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
2025-08-28T090437Z_2_LYNXMPEL7R04E_RTROPTP_4_FRANCE-AIRSHOW.JPG
  • Newsletters

Over 600 UAW workers at two GE Aerospace facilities go on strike

Editor August 30, 2025
2025-08-30T115235Z_1_LYNXMPEL7T062_RTROPTP_4_CHINA-SCO.JPG
  • Newsletters

China’s support for multilateralism is vital, says UN’s Guterres

Editor August 30, 2025
2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com