TPG Capital
Fosun to support Cirque du Soleil's China expansion
Chinese conglomerate Fosun International and TPG Capital have together acquired Canadian circus entertainment company Cirque du Soleil with a view to growing the business in China.
PE-backed film studio gets funding from China’s Huayi
STX Entertainment, a Hollywood studio set up with support from Hony Capital and TPG Capital, has secured a three-year financing deal with China’s Huayi Brothers Media Corp. to release 12-15 movies a year by 2016.
PE investors to make partial exits from India's AGS, S.H. Kelkar
Three private equity firms – TPG Capital, Actis and The Blackstone Group – are set for partial exits from their Indian investments as payment solutions provider AGS Transact Technologies and fragrances manufacturer S.H. Kelkar both filed for IPOs.
TPG adds UTC executive to Asia operations team
TPG Capital has appointed Zubin Irani, previously of United Technologies Corporation (UTC), as a managing director within its Asia Pacific operations group.
Exit timing, operations key to high-value Australia deals - AVCJ Forum
Acquiring a company at a high valuation means a PE firm has to draw more deeply on its operational expertise to turn a profit, but it is equally important to maximize returns by getting the exit timing right.
TPG reaches $6.5b first close on latest global fund
TPG Capital has reached a first close of $6.5 billion on its latest global fund. The vehicle, which was formally launched last October, has a target of $8 billion and a hard cap of $10 billion.
TPG buys $146m stake in India’s Manipal Hospitals
TPG Capital has paid INR9 billion ($146 million) for a significant minority stake in healthcare services provider Manipal Health Enterprises (MHE).
TPG, Northstar make another part exit from Indonesia's BTPN
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)
India's Lenskart raises $22m in Series C funding
Valyoo Technologies, the Indian start-up behind online eyewear retailer Lenskart, has raised INR13.5 billion ($21.9 million) in Series C funding led by TPG Capital's growth unit.
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
TPG's Japan team spins out as NSSK
Several members of TPG Capital's Japan team, led by former country head Jun Tsusaka, have launched a new private equity firm called Nippon Sangyo Suishin Kiko (NSSK).
TPG-backed retailer Li Ning seeks to raise $218m
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
TPG to exit stake in Japanese toy maker
TPG will exit Japanese toymaker Tomy through a buyback by the company. Tomy has agreed to acquire the private equity firm’s entire equity holding and also redeem its convertible bond holdings.
TPG exits China Grand Auto to Haitong-led group for $697m
TPG Capital will sell its stake in China Grand Automotive Services (CGA), the country’s leading car dealer, to an investor group led by Haitong International Securities Group for HK$5.4 billion ($697 million).
TPG-owned Inghams sells $138m in real estate assets
TPG Capital-owned Australian poultry producer Inghams Enterprises has sold 31 properties to W.P. Carey, a US-based real estate investment trust, for A$157 million ($138 million).
TPG, PAG consortium finalizes acquisition of Australia's DTZ
TPG Capital and PAG Asia Capital, together with co-investor Ontario Teachers' Pension Plan (OTPP), have completed their acquisition of DTZ, the property services arm of Australia-listed UGL, for an enterprise valuation of A$1.215 billion ($1.2 billion).
Chinese pharma company invests $22m in TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical, previously a highly successful PE investment for Goldman Sachs, has committed $22 million to TPG Capital’s latest biotech fund.
The Philippines: SE Asia's next big thing?
The Philippines has emerged from relative obscurity to become private equity’s latest nascent consumer play in Southeast Asia. Deal flow is slow and uncertain as investors get to grips with the opportunity.
Former Carlyle, TPG executives plan $500m India fund
Rajeev Gupta, formerly of The Carlyle Group, and Amol Jain, previously of TPG Capital, are launching a new PE fund that will focus on mid-market buyout opportunities in India.
Levin Zhu resigns as CEO of CICC
Levin Zhu, son of former Chinese premier Zhu Rongji, has resigned as CEO and chairman of the management in China International Capital Corporation (CICC) after 16 years.
Australia's Treasury Wines ends PE buyout talks
Australia’s Treasury Wine Estates (TWE) has ended talks with two private equity suitors, TPG Capital and a consortium comprising KKR and Rhône Capital, after deciding the offer was too low.
Asia fundraising: Big beasts
And just like that, it was done. This week The Carlyle Group closed its fourth Asian fund, drawing a line under a three-year process that has seen nearly all of the largest global and Asia-based private equity firms raise their first regional vehicles...
Carlyle closes fourth Asia buyout fund at $3.9b
The Carlyle Group has reached a final close on its fourth Asian fund - Carlyle Asia Partners IV (CAP IV) - at $3.9 billion.
TPG buys control of Sri Lankan bank
TPG Capital has agreed to invest approximately $117 million in Union Bank of Colombo (UBC) in what will be Sri Lanka’s largest-ever private equity buyout as well as one of the biggest foreign direct investments in the country in recent years.