TPG related stories
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Mega-firms embrace socially responsible investingSome of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
- Report: KKR, Carlyle eye $3bn in Verizon assets
The mega-firms are reportedly among potential buyers for $3bn-worth of assets including 2.1 million wireless subscribers in 22 US states. Last month, TPG and Goldman Sachs completed their sale Alltel to Verizon, booking $1.3bn in profit.
- Carlyle collects $1bn for ‘bad bank’ fund
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
- TPG halts stake sale talks with LPs
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
- KKR fund to charge 1% management fee, 10% carry
The private equity veteran will not apply the standard ‘2-and-20’ fee structure on its infrastructure fund, which is targeting $4bn.
- Colony to inject fresh cash in casinos
Las Vegas casino operator Station will receive up to $244m from Colony and the Fertitta family, which teamed to buy the company for $8.8bn in 2007. Station has missed a $15m interest payment and is considering filing for Chapter 11 bankruptcy.
- PCCW take-private bid under investigation
The telecoms company, eyed by private equity firms in the past, is under investigation for vote-rigging allegations, after shareholders recently voted to delist the company.
- TPG partner departs
Hong Kong-based Justin Chang has left the firm after 16 years.
- Private equity eyes Satyam
TPG and General Atlantic are reportedly among the company's interested suitors.
- CVC closes €11bn fund, eyes Royal Mail
CVC has missed the €12.1bn target for its fifth European buyout fund in a tough environment that has seen several firms slash targets on new and existing funds. The UK-headquartered firm is also reported to be among private equity firms looking to part-privatise UK Royal Mail.