TPG related stories
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Buyout giants pull out of race for Coles(2)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.
- Blackstone to acquire medical supplier for $1.6bn
The Blackstone Group plans to acquire DJP, a supplier of musculoskeletal and vascular health services and supplies, as an add on for its portfolio company ReAble Therapeutics.
- CD&R sells Brakes to Bain for £1.3bn(3)
US buyout firm Bain Capital has won the race to buy Brake Bros, a UK food distribution business, from Clayton Dubilier & Rice, in a deal thought to be worth about £1.3 billion.
- Tchenguiz doubles Sainsbury’s stake(2)
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
- Buyout interest in Coles ends as Wesfarmers continues(2)
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.
- Affinity, TPG to finance UTAC deal with cov-lite loan(2)
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.
- Affinity, TPG to finance UTAC deal with cov-lite loan
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.
- LBO giants launch PR offensive in Germany
Hanns Ostmeier has stepped down from The Blackstone Group to chair the German Venture Capital Association’s new mega-buyout platform.
- New Look auction collapses(3)
UK retailer New Look looks likely to be refinanced rather than sold, after the final consortium targeting the company failed to agree with the vendors’ valuation and withdrew from the auction.
- New Look auction collapses(2)
UK retailer New Look looks likely to be refinanced rather than sold, after the final consortium targeting the company failed to agree with the vendors’ valuation and withdrew from the auction.