TPG related stories
All articles and analysis
Gearing up for rejectionPrivate equity firms are having trouble spending the record sums being raised, especially when it comes to European public-to-privates. Robert Venes reports.
- Debenhams backers could make £1.8bn return
CVC Capital Partners, Texas Pacific Group and Merrill Lynch Private Equity are reportedly set to make total returns of £1.8bn through the realisation of a 60% stake in the retailer.
- Debenhams IPOs at lower end of price range
The UK department store, backed by CVC Capital Partners, Texas Pacific Group and Merrill Lynch Private Equity, has set a price range of 195 pence per share for its IPO, giving it a market cap of £1.675bn.
- Bain finalises Burlington deal
Bain Capital has completed its buyout of clothing retailer Burlington Coat Factory, paying $2.1 billion for the property.
- A toast to Turkey from TPG
The San Francisco-based firm will invest in a Turkish alcoholic beverage maker in the first of what it says will be many investments.
- Debenhams to IPO for up to £2bn
UK retailer Debenhams has revealed that it will carry out an initial public offering on the London Stock Exchange valuing the business at between £1.7bn and £2bn.
- Blackstone nabs Perry pro for hedge fund
Blackstone has hired Manish Mittal away from hedge fund giant Perry Capital to launch a long/short equity investment platform.
- TPG welcomes former WellPoint team
Leonard Schaeffer and his team from WellPoint will advise the firm on opportunities in the healthcare sector, having taken America’s largest benefits provider from ‘mess’ to ‘powerhouse’.
- Albertson’s sold for $17.4bn
In a major buyout deal involving no buyout firms, Albertson’s agreed to a sale valued at $17.4bn, with SuperValu, CVS and Cerberus Capital Management teaming up to buy the US supermarket and drug-store chain.
- Blackstone reaches $12bn on second close
The US-based private equity firm’s fifth fund is well on its way to reach its target of around $13 billion.