GE Vernova has entered into a binding agreement to divest its Proficy manufacturing software business to alternative asset management company TPG for $600m. The deal may also yield further proceeds for GE Vernova based on future outcomes and conditions. TPG plans to invest in Proficy through its US and European private equity platform, TPG Capital. Proficy, which currently accounts for about 20% of GE Vernova's Electrification Software revenues, will become a standalone entity focused on software soluti ...