TPG related stories
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AVCAL says “economic xenophobia” in declineKatherine Woodthorpe, chief executive of the Australian Private Equity and Venture Capital Association, has said Australian “economic xenophobia” has lessened after the Australian Senate’s inquiry into private equity.
- Secondary buyout record fuels industry concerns
The volume of secondary buyouts so far this year is already 15 percent higher than the total for the whole of 2006. Many industry observers believe this is a sign that the industry is approaching the top of the current cycle.
- Buyout interest in Coles ends as Wesfarmers continues(3)
All eight of the large buyout firms in the race to buy Coles Group, Australia’s second largest retailer, have now dropped out of the running. Trade buyer Wesfarmers is now expected to complete the $19 billion transaction, which will be the largest in the country to date, without private equity support.
- TPG, Affinity make $1.4bn offer for UTAC(3)
TPG Capital and Affinity are proposing to delist a Singapore-listed semiconductor company for $1.4 billion. The offer follows a failed $1.6 billion buyout offer from Temasek Holdings for STATS ChipPac, another Singapore-listed chip company.
- LBO giants launch PR offensive in Germany(2)
Hanns Ostmeier has stepped down from The Blackstone Group to chair the German Venture Capital Association’s new mega-buyout platform.
- Retail-focused PE firm to buy Container Store(3)
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
- Retail-focused PE firm to buy Container Store(2)
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
- Affinity, TPG to finance UTAC deal with cov-lite loan(3)
Affinity Equity Partners and TPG Capital are planning to finance a $1.4 billion buyout of Singapore-listed United Test & Assembly Centre with a covenant-lite loan, as increased competition between lenders leads to greater flexibility for investors in the region.
- Advent buys Takko from Permira
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.
- Retail-focused PE firm to buy Container Store
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.