TPG related stories
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European refinancings hit new recordThe volume of refinancing of leveraged buyouts in Europe in the first quarter of this year was more than double the figure for the same period last year.
- TPG, Warburg in $5bn Neiman Marcus deal
The two private equity firms are taking private luxury retailer Neiman Marcus in a $5 billion deal, following a string of recent buyouts.
- PAI ranked Europe’s most active fee payer
Homegrown firms operating in the European LBO market account for the bulk of fees paid to investment banks so far this year, according to figures from Thomson Financial and Freeman & Co.
- Newbridge closes Fund IV on $1.5bn
The investment firm launched 11 years ago by US buyout houses Texas Pacific Group and Blum Capital Partners has wrapped up a new $1.5bn vehicle targeting Asia.
- Blackstone floats satellite operator
Six months after its acquisition of New Skies Satellites, The Blackstone Group has taken the satellite operator public in a $200m IPO, valuing the firm’s equity at almost three times its initial investment.
- EQT, GS offer €3bn for ISS
EQT and Goldman Sachs Capital Partners have made a €3bn cash bid for Danish facility services company ISS.
- Blackstone sees $12bn in LP interest
The New York private equity giant is telling LPs that is has demand for as much as $12bn for its next private equity fund, currently in pre-marketing mode.
- Hellman, TPG gain control of brokerage
Hellman & Friedman and Texas Pacific Group have agreed to a roughly $1.5 billion deal to acquire a 60 percent stake in Linsco/Private Ledger, an independent broker. The transaction, coming on the heels of the Refco implosion, reaffirms private equity’s commitment to the financial services space.
- TPG, Apax continue Greek wireless pursuit
Texas Pacific Group and Apax Partners have agreed to their second deal in the Greek mobile telecom market in the past seven months, buying Q-Telecom in a €350 million deal. There are no plans as of yet to combine the two.
- SunGard sold for $11.3bn
In the largest private equity deal since the RJR Nabisco buyout in 1989, a group of seven private equity firms led by Silver Lake Partners has agreed to buy financial software company SunGard.