TPG Capital
TPG's Sing Wang named CEO of China Minsheng Financial
Sing Wang, who until last year was co-chairman for Greater China at TPG Capital and head of TPG Growth in North Asia, has joined China Minsheng Financial Holding as CEO.
TPG, Carlyle acquire stake in Greencross, see buyout offer rejected
TPG Capital and The Carlyle Group have jointly acquired a 15.42% voting interest in Australia’s Greencross, although a buyout offer for the listed pet services business was rejected over the weekend.
Australia's Greencross rebuffs TPG buyout offer
Australia-based pet services business Greencross has confirmed it received and rejected a buyout offer from TPG Capital worth around A$720 million ($507 million).
Former IFC head Jin-Yong Cai joins TPG
Jin-Yong Cai, the former executive vice president and CEO of the International Finance Corporation (IFC), the investment arm of the World Bank, has been named a partner at TPG Capital.
TPG sells HCP Packaging to Baring, returns $1.55b to LPs in 2015
TPG Capital has returned $1.55 billion to investors from its Asia portfolio in 2015, including $775 million from the sale of HCP Packaging to Baring Private Equity Asia.
Northstar leads $1b financing deal for Indonesia's Salim Group
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
Actis sells stake in Sri Lanka's Asiri Hospitals to TPG Growth
Actis has sold a 27.8% stake in Asiri Hospital Holdings (AHH), Sri Lanka’s largest private hospital group, to TPG Capital’s growth equity unit for LKR7.6 billion ($53.2 million).
TPG buys 50% of Myanmar spirits producer
TPG Capital has acquired a 50% stake in Myanmar Distillery Company Group (MDC), the Southeast Asian country’s leading manufacturer and distributor of spirits, including top domestic whisky brand Grand Royal.
TPG, Tillman to buy telecom towers unit from India's Reliance
Reliance Communications, the telecommunications services division of India's Reliance Group, has agreed to sell its tower assets to TPG Capital and Tillman Global Holdings.
VC-backed PropertyGuru buys Indonesia's RumahDijual
PropertyGuru, a Singapore-based online real estate portal backed by TPG Capital, Square Peg Capital and Emtek Group, has bought Indonesian property listings site RumahDijual for an undisclosed sum.
TPG, Carlyle complete exit from Australia's Healthscope
TPG Capital and The Carlyle Group have completed their exit from Australian hospital operator Healthscope, having privatized the company in 2010 and re-listed it last year.
PE-backed CICC files for $811m Hong Kong IPO
China International Capital Corp. (CICC) has announced the pricing for its upcoming Hong Kong IPO, which will see the company raise up to HK$6.3 billion ($811 million).
TPG’s Ben Gray to start his own PE firm
Ben Gray, managing partner at TPG Capital, is preparing to set up his own private equity firm focused on investment opportunities in Australia.
Anjali Bansal hired as Asia, Africa partner at TPG Growth
TPG Growth - the mid-market growth equity platform of TPG Capital - has hired Anjali Bansal as partner and managing director. She will focus on human resources in Asia and Africa.
PE-backed CICC files for Hong Kong IPO
China International Capital Corp. (CICC), which is backed by KKR, TPG Capital and Singapore’s GIC Private, among others, has filed for a Hong Kong IPO. The company is said to be looking to raise around $1 billion.
TPG, Affinity-owned UTAC files for $350m US IPO
UTAC Holdings, the Singapore-based precision engineering firm owned by TPG Capital and Affinity Equity Partners, is looking to raise as much as $350 million in its US IPO.
TPG leads Series C for China wealth management firm Sinowel
TPG Capital has led a $41 million Series C round of funding for Sinowel Enterprise Group, a Chinese third-party wealth management firm.
VC-backed PropertyGuru acquires eProperty Track
Singapore-based online real estate portal PropertyGuru, which recently raised funds from TPG Capital, Emtek Group and Square Peg Capital, has bought sales and marketing platform ePropertyTrack.
Australia's Crescent to buy Healthscope pathology business
Crescent Capital Partners has agreed to acquire the Australian pathology operations of Healthscope for A$105 million ($80.8 million).
TPG joins $129m investment in Singapore's PropertyGuru
Singapore online property portal PropertyGuru has raised S$175 million ($129 million) from TPG Capital, Australia's Square Peg Capital, and Indonesian media company Emtek Group.
China public markets stoke GP investment, exit concerns
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
TPG sells Shriram City Union Finance stake to Apax
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
TPG Growth closes third global fund at $3b
TPG Capital has reached a final close of $3 billion on its third global middle market and growth equity fund. The initial target was $2.75 billion.