TPG related stories
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And the winner is ...CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
- Terra Firma buys out LPs
Guy Hands’ firm has avoided shrinking its €5.4bn third fund by buying out three cash-strapped LPs at ‘a small premium’.
- Native American fund makes debut deal
A $25m private equity fund formed by a group of Native American tribes, including the Colusa Indian Tribe and the Rincon Indian Tribe, has made its debut investment into a Californian card manufacturer.
- Apax sells minority stake to GIC, Future Fund
None of the sale's proceeds have been used to cash out Apax GPs, but rather will be re-invested in a permanent capital vehicle that will invest in Apax funds.
- Report: Cerberus to shut down Hong Kong office
The US buyout firm is reportedly closing its office in Hong Kong. Its plans for its Taipei and Beijing offices remain unclear.
- KKR touts environmental savings
The US mega-firm, which has recently pledged to adopt socially responsible investment strategies, says three of its portfolio companies have saved more than $16m through green policies, with other portfolios set to follow.
- Diving into distressed investing
As the global economy sinks, interest in distressed and turnaround investments has grown.
- Candover to shrink 2008 fund
The firm is revising its investment strategy for the fund as well as allowing investors to slash their commitments. Before any reductions the fund stands at €3bn.
- Who’s responsible?
The largest private equity firms in the world have committed to consider socially responsible investment guidelines. Is this all just PR window dressing? asks Christopher Witkowsky.
- Carlyle, TPG move to appease lenders
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.