TPG related stories
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US buyout groups join BVCA(2)Bain Capital, Blackstone, Carlyle and KKR have signed up to the BVCA, a UK trade body, as the industry continues its charm offensive.
- Blackstone enters China
The global private equity firm has unveiled a new Hong Kong office co-led by Antony Leung, the region’s former financial secretary, and by Ben Jenkins, a top Blackstone dealmaker who will relocate to Asia. Schwarzman is ’impressed’ by China’s economic reforms.
- Blackstone raises £127.5m on placing
Blackstone has completed its second transaction in the healthcare sector in a month after raising £127.5m through the placement of half of its stake in Southern Cross Healthcare Group.
- TPG looks to Alitalia as Qantas deal comes under threat
Texas Pacific Group is reportedly mulling a bid for Italian airline Alitalia, amid indications that investors may be losing confidence in its Qantas deal.
- KKR dominates Q1 deal market
Private equity buyout volume reached $197bn in the first quarter of 2007, while KKR accounted for a staggering 48 percent of that deal activity.
- Private equity backs its own in US election
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
- ASE attracts new buyout suitors
Taiwanese chip-testing company ASE, which yesterday forced The Carlyle Group to abandon a $6 billion buyout offer, is reportedly attracting the attention of four new suitors.
- Qantas proposed buyout fails, for now
The proposed $9 billion buyout of Qantas failed to attract, in time, enough shareholder support but Airline Partners Australia isn’t giving up yet. The consortium says making a renewed offer is a possibility.
- Sun Capital buys Japanese snack maker
Sun Capital’s recently established Japanese affiliate has completed its first deal with the acquisition of “Fruit Jelly” snack maker Tarami.
- TPG-consortium drops Alitalia bid
The TPG-led consortium has pulled out of the bidding for a minority stake in Alitalia as sources close to the deal blamed government regulation for making it impossible for the consortium to takeover the company.