TPG related stories
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Buyout firms linked with Hays Logistics bidAs UK services group Hays looks to focus on its personnel operations, Cinven is among a number of firms considering a £250m bid for its logistics division.
- LP versus GP: buy-ins to the GP
Now that limited partners have had time to find the right pressure points when dealing with their GPs, many are talking about a new era in LP activism. But what exactly does this mean beyond the threat of litigation? To a growing number of LPs it means the formulation of a series of action points for their GPs that extends to getting a cut of the carry and beyond. Joe Bartlett takes a closer look.
- TPG strengthens London buyout team
US buyout firm Texas Pacific Group has appointed Philippe Costeletos, a former member of the management committee at Bahrain-based private equity group Investcorp.
- Yell explores Italian options
The UK directories business has won support from Apax Partners for a bid for the Seat Pagine directories business put up for sale by Telecom Italia.
- Texas Pacific to raise new buyout fund
The US buyout firm is reportedly preparing the launch of a new buyout fund to follow up on the $4.5bn vehicle it closed in 2000.
- Tabet in charge of Citigroup’s FEG
London-based Kamal Tabet has been appointed global head of Citigroup’s Financial Entrepreneurs Group, the bank’s private equity advisory and fund placement business.
- US groups back $15bn bid for Vivendi
Carlyle, Bain Capital and Texas Pacific have reportedly joined forces to back oil billionaire Marvin Davis in his pursuit of Vivendi’s US media assets.
- KKR goes it alone for Safeway
The US buyout firm has confirmed that it is tabling a solo bid for UK supermarket chain Safeway, in what would be Europe’s largest PTP deal.
- Permira to open Stockholm office
Kurt Björklund is to head up Permira’s new presence in the Nordic region, working alongside the newly appointed Ole Oftedal, who joins as an industrial partner.