Global private investment firm TPG, along with media-focused investment company Evolution Media and Africa-focused investment firm Satya Capital, has agreed to acquire a majority stake in France-based, Sub-Saharan Africa-focused online music and entertainment platform TRACE. The company, which owns and operates 30 digital and mobile services, 21 pay television channels and seven radio stations, plans to partner with TPG to accelerate its growth in Africa and worldwide. Financial details of the transaction, which is subject to closing conditions and regulatory approval, were not disclosed.