TPG related stories
All articles and analysis
TPG to invest RMB550m in Chinese shoe retailerThe mega-buyout firm is poised to take a 14.5% stake in Daphne. The Hong Kong-listed business operates more 3,000 retail outlets selling its own-brand ladies footwear and major brands such as Nike and Adidas.
- Report: Blackstone, Carlyle and TPG eye Hui Yuan minority stake
Several private equity firms are reportedly looking to take a minority stake in the Warburg Pincus-backed Chinese beverage company, which recently had a buyout by Coca-Cola scuppered by anti-monopoly issues.
- KKR’s Alliance Boots defies market conditions
The healthcare, pharmaceutical and beauty group – one of Europe’s most iconic buyouts of the credit boom years – has grown its revenue and profits over the last 12 months.
- Report: GIP out of TPG-led consortium in Asciano bid
Global Infrastructure Partners is reportedly interested in parts of the Australian transport infrastructure company’s business, while the consortium is interested in acquiring the entire business.
- Blackstone makes 1.4x on Stiefel
Reporting first quarter earnings, the New York-based firm said it wrote-down its private equity investments by an average of 3%. President Tony James said the firm was concentrating on debt opportunities.
- Apollo co-founder: Being caught by surprise is 'ultimate sin'
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
- CalPERS CIO: LPs must combat 'crummy' fee structures
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
- What LPs want
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
- SVG Capital: No fund commitments for 2 years
The London-listed fund of funds has decided it will continue life as a listed investment trust, but will not be making any meaningful new fund commitments for up to two years.
- Changing dynamics
The shifts being seen in Western LP-GP relationships are also surfacing in Asia, writes Siddharth Poddar.