TPG related stories
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Buyout giants pull out of race for Coles(3)TPG, Carlyle and Blackstone have pulled out of the formal race for Coles, an Australia-listed retailing group, but their consortium has indicated an interest in discussing an alternative investment structure.
- BarCap recruits buyout star Lovering(2)
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
- BarCap recruits buyout star Lovering
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
- Carlyle launches €3bn European fundraising
The US alternative assets powerhouse is coming back to market with a European offering that will secure its place at the pinacle of the buyout megafunds for now.
- Tchenguiz doubles Sainsbury’s stake(3)
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
- Apollo to list on Goldman exchange(2)
Apollo will reportedly become the second major alternative asset manager to list a portion of its management company on Goldman’s private exchange. The private float is expected to follow sales of minority stakes to Abu Dhabi and possibly CalPERS.
- Freescale goes to Blackstone-led group for $17.6bn
In a deal valued at $17.6bn, Texas semiconductor maker Freescale has decided to be taken private with a group including Blackstone, Carlyle, Permira and Texas Pacific, dealing a blow to a KKR-led group that recently bought the semiconductor division of Philips.
- TPG mulls £11bn Virgin Media bid
US buyout firm TPG is considering a bid for cable broadband company Virgin Media. It is also lining up its first Russian deal.
- Advent buys Takko from Permira(3)
European buyout firm Permira has sold Takko, a German fashion discount chain, to Advent International for €770 million. The deal comes as Permira looks to sell another retail asset – UK high street chain New Look.
- Freedom founder takes artistic route(3)
Nicolas Berggruen, the ex-private equity executive behind the vehicle that will take hedge fund GLG Partners public, has followed an unusual route to success.