Xerox partners with Texas PE firm, secures $450M in financing
Norwalk-based Xerox Holdings Corp. has formed a joint venture with Texas private equity firm TPG to create a new entity for intellectual property management and licensing. This venture secured $450 million in funding led by TPG Credit, involving senior secured term loans and preferred equity. Xerox received proceeds aimed at boosting corporate liquidity, supporting business priorities, and potentially reducing debt.
https://hartfordbusiness.com/article/xerox-partners-with-texas-pe-firm-secures-450m-in-financing/