TPG related stories
All articles and analysis
Apollo, Blackstone to acquire $13bn in LBO loansThe private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.
- KKR adds third infrastructure advisor ahead of fundraise
The buyout firm, set to list on the New York Stock Exchange later this year, has added John Bryson, former Edison International chairman and chief executive, as senior advisor for its infrastructure initiative. KKR announced its infrastructure initiative in May and is reportedly raising a $5bn infrastructure fund.
- Asciano says no to $2.7bn offer from TPG, GIP
Australia’s largest railway and port operator has decided to not allow the US private equity firms to conduct due diligence needed to finalise a bid. The initial offer from TPG and GIP ‘undervalues the business', the company has said.
- Report: IndyMac sought PE help before failure
The California bank, which was taken over by the government earlier this month, approached several private equity firms in search of rescue capital but found no takers.
- Report: GS raises $10bn leveraged loan fund
The global investment bank has reportedly raised $10bn to provide senior debt for private equity deals. In combination with the firm’s $20bn mezzanine fund, Goldman now has the ability to independently finance leveraged buyout of substantial size.
- Carlyle in $75m financial services PIPE
The buyout giant is betting that its investment in publicly listed wealth management company Boston Private fares better than similar financial sector PIPES.
- Look East
Private equity firms are pursuing growth strategies in Emerging Europe, with Poland and Romania expected to take the lion’s share, writes Nicholas Lockley.
- New York commits $300m to TPG
The state’s $154.5bn Common Retirement Fund, the US' third largest public pension, has joined a growing list of heavy-hitting LPs lining up for a fund targeting as much as $20bn.
- Bids for PCCW subsidiary closed today
The Hong Kong-listed telecommunications group has received 'a number of proposals' for its sale of a minority interest in a subsidiary. Private equity firms including TPG are reported to have bid.
- PAI starts quoted equity business
The Paris-based buyout firm has become the latest to follow 3i into the quoted equity fund management arena by backing veteran Philippe Guez in his new firm. The start-up will mirror 3i’s quoted equities model by targeting minority stakes.