Providence Equity to Check TPG's RentPath Listings
October 23, 2014
Providence Equity Partners has agreed to purchase a stake in RentPath, a vertical search company for apartment and home renters, from TPG. Expected to close by year's end, the deal is rumored to value the company at a bit below $1.5 billion; TPG paid $525 million for RentPath in 2011. RentPath's rental resource brands include Apartment Guide, Rent.com, Rentals.com and more, with its network of websites reaching over 7 million unique visitors monthly.