Weil is advising TPG Inc., a leading global asset management firm, in its acquisition of the business of Peppertree Capital Management, Inc., a specialized digital infrastructure investment firm with a focus on wireless communications towers. 

TPG will acquire Peppertree in a cash and equity transaction estimated to include up to $242 million in cash and up to $418 million in equity, payable at closing, in each case, subject to certain adjustments. The transaction also includes earnouts based on Peppertree’s future performance valued at up to $300 million. The transaction is expected to close in Q3 2025.

The Weil team is led by Private Equity partners Brian Parness, Luke Laumann and Alexander Miachika and includes associates Cruz Wiles, Josh Schechter, Ayush Gulati, Sam Harrison and Grace Embrey (Not Yet Admitted in New York); Private Funds Co-Head Andrew Chizzik, partner Sarah Borden and associates Michael Sheffy, Adam Ofman, Cameron Dorais and Fatima Ibrahiem; Banking & Finance partner Benton Lewis and associates Becky Lange and Casper Lu; Capital Markets Co-Head Michael Hickey, partner Michael Stein and associates Stefan Tsourovakas, Gabriella Leonovicz and Evan Caltavuturo; Private Funds Regulatory partners David Wohl and Marc Schubert, counsel Arup Sen and associates Stephen Filocoma and Jake Pero; U.S. Privacy & Cybersecurity Head Olivia Greer; Technology & IP Transactions partner Dennis Adams, counsel Catherine Kim and associates Taylor Peterson and Sarah Schwarz; U.S. Antitrust Co-Head Brianne Kucerik, partner Neil Rigby, counsel Carla Hine and Nicholas Barnabo and associates Drew Cypher and Danielle Norgren; Regulatory Transactions partner Timothy Welch and associate Sisi Liu; Real Estate Co-Head Jannelle Seales and associate Subrina Chowdhury; and Litigation partner Zack Tripp, counsel Christine Calabrese and associates Kathleen Stanaro and Clyde Freeman (Not Yet Admitted in New York).