TPG related stories
All articles and analysis
Bearish KKR delays IPOAmid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
- TPG to invest up to $150m in Malaysian bank
The private equity giant, heavily active in Southeast Asia’s financial services sector, has purchased bonds and warrants in Kuala Lumpur-based bank CIMB Group. TPG-affiliate Northstar has also agreed a $1.3bn stake in Indonesian coal mining company Bumi Resources.
- Report: TPG, GIP refuse to give up on Asciano
TPG and Global Infrastructure Partners have reportedly offered to invest more than A$1bn in the Australian ports operator through the purchase of convertible notes, after their initial buyout bid for the company was rejected.
- KKR infrastructure head leaves after less than six months
George Bilicic, who joined KKR in May, will rejoin Lazard as chairman of its power, utilities and infrastructure practice. A source familiar with the matter said Bilicic is leaving the firm over differences about how KKR should build out its infrastructure team.
- TPG explores Indonesian coal deal
Reports of an imminent $1.28bn deal for PT Bumi Resources are premature and carry a higher price tag than the firm would likely consider, PEO has learned.
- Aquiline adds former E*TRADE exec as advisor
The financial services-focused firm has hired Mitchell Caplan, former chief executive of the online stock trading giant. Founded in 2005 as a joint venture between Venturion Capital and Jeffrey Greenberg, Aquiline is currently investing its debut $1.1bn fund.
- PNC to buy Corsair-backed National City for $5.2bn
Corsair Capital will be made whole on its investment in National City because of an anti-dilution provision, according to a source. The US Treasury will take a $7.7bn stake in the combined entity.
- Private equity-backed companies turn to PIK
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
- Private equity firms circle Baugur debt
TPG, Alchemy Partners and Permira have all been linked with a possible deal for debt related to Icelandic investor Baugur’s UK retail investments, which include House of Fraser, Debenhams and iconic toy store Hamleys.
- Credit woes hit Asia
Three large deals that have recently fallen apart show private equity activity in Asia is not immune to the global financial crisis, writes Siddharth Poddar.