TPG PAce today filed an investor presentation with the SEC outlining its proposed merger with vacation rental management platform Vacasa. The companies intend to combine at a pro forma equity value of approximately $4.5 billion.
The transaction would capitalize the business with approximately $485 million in gross cash proceeds, including a $200 million PIPE anchored by mutual funds, institutional investors and TPG.
TPG raised $285 million in an April IPO. Read more.
