TPG related stories
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Congressmen want inquiry into telecom, media buyouts(2)As private equity’s tax treatment continues to be examined on Capitol Hill, two congressmen have asked the Federal Communications Commission to analyse private equity deals in the telecom and media industries.
- StepStone steps up pace(2)
PCG spin-out StepStone has more than doubled its staff to 10 investment professionals in the past five weeks. Amanda Janis talks with co-founder Monte Brem about the California firm’s broad ownership structure, its two major clients and the attractions of non-discretionary work.
- Behrman makes 3.6x return on research labs
New York- and San Francisco-based Behrman Capital has sold WIL Research Laboratories for $500 million, earning a 3.6x return.
- CalPERS buys $600m stake in Apollo
The US' largest pension fund purchased a $600 million, 8.6 percent stake in Apollo, prior to the private equity firm's listing on Goldman Sachs' private exchange.
- StepStone steps up pace
PCG spin-out StepStone has more than doubled its staff to 10 investment professionals in the past five weeks. Amanda Janis talks with co-founder Monte Brem about the California firm’s broad ownership structure, its two major clients and the attractions of non-discretionary work.
- Alitalia auction crashes(4)
Italy’s Treasury has closed the auction to privatize Alitalia, following the abandonment of its last remaining suitor, distressed private equity firm Matlin Patterson.
- Philips semicon group bids on $18bn Freescale deal
Freescale Semiconductor, based in Austin, Texas, saw its share price rocket 18 percent today following its confirmation that it is ‘in discussions’ over a possible deal. Two rival private equity groups are reportedly bidding for the company, including the same consortium that recently acquired the semiconductor unit of Philips.
- Alitalia auction crashes(3)
Italy’s Treasury has closed the auction to privatize Alitalia, following the abandonment of its last remaining suitor, distressed private equity firm Matlin Patterson.
- SAC Private Capital acquires Taiwanese bank at a steep discount
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.
- Carlyle leads $656m investment in Taiwan’s Ta Chong bank
A consortium led by The Carlyle Group is buying a 36.6 percent stake in Ta Chong Bank, overturning the bank’s distaste for a private equity suitor.