TPG related stories
All articles and analysis
Gores enters Nortel frayThe Gores Group joint venture with Siemens has stepped into a raucous bankruptcy fight for business units of bankrupt Nortel, for which a company backed by TPG and Silver Lake has already bid.
- 3i eyes HeidelbergCement assets
The UK-based firm may bid for the company's Malaysian assets, estimated to be worth more than $200m. Others reportedly interested include Bain and CVC.
- Report: CVC bids $2.1bn for Anheuser’s CEE units
Should a deal with CVC materialise, it would mark the second set of assets one of the world’s biggest brewing companies has recently sold to private equity firms.
- US Treasury names buyout chiefs to GM board
TPG's David Bonderman and Carlyle's Daniel Akerson are among the recent nominations to GM's board. Also appointed was Stephen Girsky, former Centerbridge Industrial Partners president.
- Blackstone infra fund eschews PE-style fees
The firm has thrown out the classic 2-and-20 terms for its infrastructure debut, charging LPs 15% carry and up to 1.5% for management fees.
- Report: Lone Star may sell KEB stake to CalPERS
The US private equity firm continues its search for an exit from the Korean bank after reported discussions with TPG and Oaktree failed to produce a deal.
- MatlinPatterson submits $725m bid for Nortel businesses
The distressed debt specialist has plans to buy various Nortel assets out of bankruptcy and run them as a reorganised company. A separate Nortel division is currently being pursued by Avaya, which is owned by Silver Lake and TPG.
- Norwest invests $25m in Indian retail finance
The venture firm has acquired an 8% stake in Shriram City Union Finance, marking its fourth Indian deal this year.
- Avaya submits $475m bid for Nortel business unit
The Silver Lake- and TPG-backed telecom company has entered a 'stalking horse' bid for a business unit of bankrupt Nortel Networks. MatlinPatterson is reportedly looking for strategic partners for a rescue plan for the company.
- Private Equity Council supports SEC registration rules
The US lobbying group for a dozen or so mega-firms is keen to support new regulations in the States, but warns the bulk of the US private equity industry - thousands of lower mid-market firms - may be adversely affected by proposed registration requirements.