TPG Growth’s Acquisition of HALO Branded Solutions

Ropes & Gray represented TPG Growth on the deal

TPG Growth, the middle market and growth equity platform of global alternative investment firm TPG, has partnered with management to acquire HALO Branded Solutions, a leading marketing services platform that distributes promotional products and provides employee recognition services. TPG Growth acquired the company from Audax Private Equity. Financial terms of the transaction were not disclosed. The transaction, which is expected to close in the second quarter, is subject to customary closing conditions, including regulatory approval.

Headquartered in Sterling, Illinois, HALO partners with more than 60,000 clients across the country to provide creative solutions. The company operates across two business lines: HALO Branded Solutions, one of the world’s largest distributors of promotional products serving many of the largest companies around the globe; and HALO Recognition, which designs and administers employee incentive and rewards programs for enterprise customers. Known for its industry-leading customer service, HALO has a nationwide salesforce of more than 1,200 dedicated and resourceful account executives who provide clients with creative, consultative marketing and recognition solutions. They are supported by a team of more than 500 corporate service professionals.

TPG Growth’s other investments in the business services sector include Medical Solutions, a leading provider of healthcare staffing solutions for acute and post-acute care facilities in the United States, and Frank Recruitment Group, a UK-based specialist IT staffing firm.

The Ropes & Gray team was led by private equity partner Jason Freedman (Picture), finance partner Alexander Zeltser, tax partner Adam Greenwood and benefits partner Alexandra Alperovich.

Involved fees earner: Jason Freedman – Ropes & Gray; Alexander Zeltser – Ropes & Gray; Adam Greenwood – Ropes & Gray; Alexandra Alperovich – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: TPG Growth;


Author: Ambrogio Visconti