TPG Growth’s $150 Million Investment in Tessolve

Cleary Gottlieb represented TPG Growth in its $150 million investment in Tessolve, a leading semiconductor engineering services company.

Founded in India in 2004, Tessolve was acquired by Hero Electronix in 2016. It is a partner to 18 of the world’s top 20 semiconductor firms, and employs over 3,500 engineers across offices.

Tessolve plans to use the funds to strengthen global delivery centres, expand advanced test labs, and enhance its end-to-end semiconductor engineering capabilities.

The transaction was announced on September 1, 2025.