TPG related stories
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KKR spends another $660 million in SingaporeThe shareholders of Singaporean engineering company MMI have accepted a take-private bid from Kohlberg Kravis Roberts. The S$1.65 per share offer values the company at about $660 million.
- TPG mulls sale to pensions
US private equity firm TPG is exploring the possible sale of a minority stake in the firm to major state pension funds.
- A$11.1bn Qantas bid experiences turbulence
Determined activist investors are holding to ransom the A$11.1billion ($9.2billion) bid byAirline Partners Australia the Macquarie-led consortium for Australian airline Qantas.
- Qantas buyout back on
The potential A$11billion buyout of Qantas, Australia’s biggest airline, looked to be back on today, after the Macquarie-led consortium restructured its deal to require a lower level of shareholder acceptance. Opposition from leading shareholders had looked likely to scupper the bid.
- CVC admits defeat on Sainsbury bid
The Sainsbury family seems to have triumphed in its bid to keep the UK retailer out of private equity hands, after the last remaining members of the buyout consortium admitted defeat in their battle to take the company private.
- Buyout firms circle A$1bn Australian lender
KKR and GE Capital have reportedly teamed up to bid for RAMS, an Australian mortgage provider valued at about A$1 billion, as private equity firms and banks clamour for exposure to the booming Australian housing market.
- TXU-deal banker arrested for insider trading
A Credit Suisse investment banker was arrested for alleged insider trading in various mergers and acquisitions including the $45 billion TXU deal.
- Rival consortium challenges KKR for Coles
A consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- TPG moves out of South Korea
Buyout firm Texas Pacific Group has closed its South Korean office, soon after two rival firms ran into legal difficulties in the country amid a growing backlash against foreign investors.
- Ontario Teachers linked with biggest ever buyout
Shares in BCE, a Canadian telecoms group, soared today following speculation that the Ontario Teachers’ Pension Plan is talking to potential private equity partners about a $45 billion buyout.