TPG related stories
All articles and analysis
GP dollars flood K StreetKKR 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.
- AFL-CIO backs TXU buyout
The AFL-CIO has sent a letter to TXU shareholders recommending that they approve KKR’s and TPG’s buyout bid, which will be voted on 7 September.
- KKR signs Turkey’s largest deal
Kohlberg Kravis Roberts, the US buyout firm, has bought UN Ro-Ro in its first transaction in Turkey, making it the latest firm to gain exposure to the country and the neighbouring MENA region.
- Aureos invests $5m in Philippines
Aureos has invested $5 million in a semiconductor business in the Philippines, one of the least frequented private equity destinations in Southeast Asia.
- Coles Myer is back in play
The shares of Coles, a large Australian listed retailer, jumped 8.6 percent in a single day to close at A$15.75 after the company said it was to “review ownership options,” four months after spurning the approach of a private consortium led by KKR.
- SAC Private Capital acquires Taiwanese bank at a steep discount(2)
SAC Private Capital, the private equity arm of a US hedge fund group, has acquired a control stake in Cosmos Bank at a discount, saving it from government receivership.
- TPG appoints head of Indonesia
TPG has hired Southeast Asia banking vet Jerry Ng to lead its Indonesia business, as the firm looks to strengthen its position in that country’s financial services sector.
- Gibralt buys Canadian airline(2)
Canadian Gibralt Capital has entered the popular aerospace sector with its acquisition of a majority stake in Toronto-based Skyservice Airlines.
- Five VC firms inject $225m in telecom startup
Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures have committed $225 million in Series A funding for Zayo Bandwidth, a fiber-based network operator.
- Warburg invests $245m in telecom operator
Warburg Pincus has bolstered its telecommunications portfolio with a $245 million equity investment in Integra Telecom, which is set to become the largest local exchange carrier in the western US.