Latham & Watkins Advises on Financing for TPG’s Agreement to Acquire Classic Collision

TPG (NASDAQ: TPG), a global alternative asset management firm, has announced that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator. TPG Capital, the US and European private equity platform of TPG, will acquire the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. Terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2024.

Latham & Watkins LLP represented the financing sources in the transaction with a finance team led by New York partners Stelios Saffos and Peter Sluka and counsel Seung-Ju Paik, with associate Diana Duan. Advice was also provided on tax matters by New York partner Jocelyn Noll.