Clifford Chance

Clifford Chance advises TPG on acquisition of majority stake in Five Good Friends

Global law firm Clifford Chance has advised global alternative asset management firm TPG on its acquisition of a majority stake in technology-enabled homecare business Five Good Friends.

Five Good Friends provides in-home aged care and disability-support services, including nursing support and everyday help like cleaning and household tasks, through a self-service platform that connects carers with those seeking services. It also operates a digital care management platform known as The Lookout Way.

Lead partner Jacob Kahwaji said, "We are pleased to have supported our long-standing client TPG on a transaction at the intersection of the healthcare and technology sectors and we look forward to seeing the success of Five Good Friends in the next phase of its journey."

"Tech innovation in healthcare continues to attract significant investor interest across the globe, and we are proud to be at the forefront of deals that enable the future of healthcare."

Corporate partners Andrew Crook and Jacob Kahwaji led the transaction, with support from senior associates Rob Colemeadow and Lucy Conway and associates Tegan Kelly, Evan Thomson and Siena Casgrain.

Clifford Chance has previously advised on TPG's acquisition of a majority stake in Made Group and TPG Rise Climate's investment in Enpal.