UK-based business management platform Tide has recently secured a significant strategic investment from TPG, valuing the company at $1.5 billion.
Tide’s Development and Growth
The funding received by Tide from TPG, a global alternative asset management company, supports its ongoing growth strategy. This new capital will boost international expansion, particularly in markets like India where Tide has seen substantial progress, as well as other European countries such as Germany and France.
Financial Advisors and Fund Structure
Morgan Stanley served as the exclusive financial advisor for Tide’s investment round, while Torch Partners advised TPG. The investment amount was $120 million, led by TPG with existing investor Apac Digital Funds also participating.
Tide’s Vision for the Future
With this new funding, Tide plans to expand its UK business, currently supporting around 800,000 members and about 14% of the SME market. The company aims to replicate its success in other markets by offering a comprehensive suite of services based on its UK platform.
The investment will also support product development, with Tide focusing on enhancing its offerings to save customers time and money. The company has already invested in AI technology, and this new capital will expedite the advancement of these efforts.
