TPG related stories
All articles and analysis
MatlinPatterson to invest $250m in ailing bankThe New York-based private equity firm has agreed to buy a 70% stake in Flagstar Bancorp as long as the US government injects $250m from the Troubled Assets Relief Program in the bank.
- Freescale ‘toggles’ to PIK option
In a worrying sign for a major LBO deal, the semiconductor company, bought out by a constortium of private equity investors for $17.6bn two years ago, has chosen to service a portion of its debt through in-kind securities in order to preserve cash.
- TPG in $162m Indian finance deal
The global private equity firm is to buy a 55% stake in Shriram Retail, having originally offered to acquire a 49% stake for $120m.
- CCMP Asia closes $1.2bn Fund III
The Asia-focused buyout firm has wrapped up fundraising more than $1bn shy of its original target.
- TPG to sell its 37% stake in BankThai
US private equity firm TPG will sell its stake to Malaysian bank CIMB, which two weeks ago purchased 42 percent of BankThai.
- TPG China deal embroiled in scandal
Former managers of Nissin Leasing allegedly prevented the buyout firm access and hid the company's seal, as it tried to replace the CEO. The $275m deal, completed in February, may reportedly be written down to zero.
- Harrah’s seeks to restructure $3bn in debt
The Apollo Global Management and TPG-backed casino operator has struggled in the faltering economy with dwindling revenue and heavy debt loads. The company is seeking to restructure its debt to extend maturities and reduce its outstanding principal.
- Irving Place chief: ‘Horrendous’ holiday season ahead
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
- Allco Equity goes independent
Allco Equity Partners has terminated its management agreement with its struggling parent company, a move being disputed in court. Meanwhile, fellow Australian buyout firm Hastings is reportedly planning to separate from its parent, too.
- Carlyle adds ex-Charles Schwab CFO as advisor
The private equity giant has named Christopher Dodds as a senior advisor less than three months after the departure of financial services co-head David Zweiner. In related news, the firm also exited telecom company Crest Communications for $70m.