TPG related stories
All articles and analysis
CD&R sells Brakes to Bain for £1.3bnUS 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.
- KKR brings two on board
The private equity giant has named as senior advisors the former CFO of Siemens and the former CEO of Agere Systems.
- Apax Vueling sale fuels Iberia rumours
Apax has sold its entire 21 percent stake in Spanish carrier Vueling Airlines, via a private placement run by Goldman Sachs. The sale has fuelled speculation that it will use the proceeds to finance a bid for Iberia, the Spanish airline currently being targeted by a TPG-led consortium.
- Longreach to acquire control of Taiwan’s EnTie Bank(2)
The Longreach Group, a largely Japan-focused private equity firm, has joined a number of other international buyout firms to invest in a bank in Taiwan where the fragmented industry is undergoing consolidation.
- H&Q Asia Pacific promotes two in Seoul(3)
Seol-based Jong Won Lee and Yuchul Rhim have become managing directors at the Silicon Valley-headquartered H&QAP.
- Buyout firms beat telecoms groups to $8.2bn Avaya
TPG and Silver Lake Partners reportedly fended off competition from telecommunications groups Nortel Networks and Cisco Systems to buy Lucent Technologies spin-out Avaya.
- Longreach to acquire control of Taiwan’s EnTie Bank
The Longreach Group, a largely Japan-focused private equity firm, has joined a number of other international buyout firms to invest in a bank in Taiwan where the fragmented industry is undergoing consolidation.
- Buyout giants pull out of race for Coles
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.
- Cerberus sought to bail Japan’s JVC(2)
Kenwood, a Japanese maker of audio equipment may reportedly seek financial backing from Cerberus to bid for JVC, a Japanese consumer electronic brand that TPG had been keen to acquire. Talks between TPG and JVC parent Matsushita are believed to have collapsed.
- Three Delta ups stake in Sainsbury’s to 25%(3)
The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.