TPG related stories
All articles and analysis
Cerberus backs $8bn Affiliated buyoutCerberus Capital Management, a US alternative asset manager, is set to back an $8.2 billion take-private of Affiliated Computer Services, a scandal-hit US IT outsourcing company that rejected a similar offer from a private equity consortium last year.
- Kravis, Bonderman appeal to Texas lawmakers
Henry Kravis and David Bonderman addressed Texas legislators’ concerns over their firms’ proposed $45 billion buyout of US utility TXU, as rival private equity firms are reportedly close to submitting a competing bid.
- TPG Qantas bid suffers another setback
The consortium trying to buy Australian airline Qantas, which includes US buyout firm TPG, has seen its $11.1bn rejected by a major shareholder. The deal could now collapse altogether.
- Buyout boom drives $1.2 trillion quarter
Private equity deal volumes hit nearly $200 billion in the first three months of the year, according to new research.
- Blankfein: Goldman to seek $20bn
The global investment bank’s chief executive has confirmed the firm’s private equity arm will target a $20 billion fundraising.
- KKR agrees $29bn First Data deal
US buyout firm Kohlberg Kravis Roberts has signed yet another mega-deal, agreeing to pay $29 billion for First Data, a US listed electronic payments business. It has now signed up to over $100 billion of deals in a matter of weeks.
- Sainsbury’s shares slide as consortium disintegrates
Shares in Sainsbury’s, a UK retail chain at the centre of a controversial £10 billion private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
- TPG mulls bid for Iberia
Texas Pacific Group is reportedly considering a €3.4 billion bid for Iberia, Spain’s largest airline, as its bid for Australia-based Qantas continues to flounder.
- Lowenstein to fight ’knowledge gap’
In his first public comments, the leader of the newly established Private Equity Council said he hopes to avoid the hostility that the industry has faced abroad by educating Washington policymakers about its activities. The lobbying group also named a new vice president today.
- UBS buys blocking stake in Qantas
TPG and Macquarie’s troubled bid to take Australian airline Qantas private has taken another twist, after news emerged that UBS has acquired a blocking stake.