TPG related stories
All articles and analysis
TPG Indonesia venture Northstar raises $110 millionNorthstar, one of a very small handful of Indonesia-focussed private equity fund managers, has raised $110 million for a debut fund, which attracted a $15 million commitment from TPG Capital.
- PEC: buyouts better businesses(2)
Burger King, SunGard and AutoZone are three companies that have benefited from private equity ownership, according to a study released by the Private Equity Council.
- Ethos and Goldman place bets on South African gaming company(3)
Ethos Private Equity, one of South Africa’s largest domestic buyout firms, and Goldman Sachs are heading a consortium to buy local casino Gold Reef Resorts, in the US investment bank’s first deal in the country.
- Europe’s loan backlog failing to clear
There has been almost no movement in the European leveraged loan backlog since mid-August. Despite ongoing fundraising by alternative asset managers and banks for hung debt vehicles liquidity has yet to return to the debt markets.
- Buyout bosses escape unscathed(3)
The third hearing of the UK Treasury Select Committee saw four more buyout chiefs attempt to justify the industry’s tax and legal treatment to a group of MPs. In a noticeably less hostile environment, the four men presented a largely united front.
- Agribusiness fund in $143m Russian chicken deal(3)
As private equity interest in Russia picks up, Burlington Capital Group has sold Russian poultry producer Chicken Kingdom to meat processor Cherkizovo Group for $143 million.
- Austin Ventures hires Dell exec(3)
Former Dell executive Joe Marengi will advise Austin Ventures’ portfolio companies in the IT sector.
- PE not included in California Iran ban
The state of California has passed a law requiring that CalPERS and CalSTRS divest from companies that do business in Iran, but unlike similar bans elsewhere, private equity is not affected.
- GP dollars flood K Street(3)
KKR recently augmented its tax lobbying capability - and it’s not alone. Buyout shops are spending millions on Washington’s K Street - synonymous with the Capitol’s powerful lobbyists - as US lawmakers mull legislation that would increase taxes.
- UK business grandee joins TPG
Sir Victor Blank, a prominent UK businessman, is returning to his private equity roots with a role as senior adviser to TPG, the global buyout firm.