Permira, TPG back Cloudnine in $450M secondary deal
What's the deal? PermiraDealroom has a profile for this one. Try Dealroom → and TPG have struck a $450 million secondary investment in Cloudnine, the two firms announced in September 2026.
Why secondary? A secondary deal means the capital goes toward buying shares from existing holders rather than funding the company directly. That gives early backers and employees a chance to cash out while the buyers build a stake.
The signal: The transaction adds Cloudnine to a run of large secondary and stake-sale deals drawing global private equity into growth-stage companies, as investors look for liquidity without waiting on public listings.
Read more: secondarylink.com
Image credit: Generated with Gemini
