TPG Buys Saxo Bank Stake
Private equity firm TPG Capital will acquire a 30% stake in Saxo Bank, the Denmark-based bank, with an option to increase its stake to 40 percent. Investors, including General Atlantic, Banco Espirito Santo, among others, sold the stake to TPG. Founders Kim Fournais and Lars Seier Christensen will maintain a majority stake, even in the event that TPG exercises its option.
25 August 2011•3 mins read
