Five Good Friends has announced a strategic investment from global alternative asset management firm TPG to fund its continued growth in the home care sector.
Under the terms of the agreement, TPG will acquire a majority interest in Five Good Friends alongside co-founders Simon Lockyer and Nathan Betteridge, who will retain significant interests in Five Good Friends and continue in their leadership roles. Global investment organization EQT will retain a minority stake. Financial terms of the deal were not disclosed.
Founded in 2016, Five Good Friends is a technology-enabled data driven home care provider providing services to older Australians and people living with a disability. Five Good Friends has developed Lookout, a digital care management and remote care monitoring platform designed for the Australian market. It powers the service delivery of more than 100 care providers around the country.
TPG, previously known as Texas Pacific Group and TPG Capital, is a global alternative asset management firm founded in San Francisco in 1992 with $246 billion of assets under management and investment and operational teams around the world.
According to data captured in the LevinPro HC database, this acquisition marks the 32nd Home Health & Hospice (HH&H) transaction announced in 2025. There were 96 HH&H deals announced during FY 2024, 100 announced during FY 2023 and 115 announced during FY 2022.
