TPG, Khazanah invest $132m in Philippines housing developer
TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion ($132 million) in Philippines-based housing developer 8990 Holdings.
AVCJ Research's records indicate that it is one of the largest-ever private equity deals in the Philippines. Last year, CVC Capital Partners completed the country's largest-ever buyout, acquiring a majority...
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