TPG Capital
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
Bonderman hails emerging markets at AVCJ Forum
David Bonderman, Founding Partner at TPG Capital, emphasized emerging markets opportunities in preference to Western ones in his opening keynote speech at the AVCJ Forum today: “When we look at the Top Ten IPOs of 2001, they were all in the West. If you...
MBK lands 2010's biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
TPG wins Firm of the Year, Bonderman receives Lifetime Achievement honor at 2010 AVCJ Awards
At the 10th AVCJ Asian Private Equity & Venture Capital Awards, presented this evening in an exclusive invitation-only ceremony in Hong Kong, a strong lineup was honored in a total of nine categories, with TPG Capital walking away with three Awards.
TPG to buy out Avon Japan
TPG Capital will acquire 74.67% of Avon Japan for JPY7.3 billion ($90 million) in cash from Avon Products Inc, the NYSE-listed cosmetic direct sales empire originally founded in 1886 as the California Perfume Company.
Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management,...
AVCAL reveals standstill in buyout fundraising ahead of new taxes
As Australia awaits the announcement of new tax regulations on private equity profits, the Australian Private Equity & Venture Capital Association (AVCAL) has released a study delineating how uncertainty over the new laws has already affected the market’s...
Australia's ATO says will clarify tax issues after TPG Myer debacle
The Australian Taxation Office is due to issue its final determination on taxation of private equity profits, following the incident last year when the office launched a last-minute pursuit of TPG Capital over some $625 million of claimed unpaid tax and...
Awards finalists – the people's choice
This year's list of finalists for the AVCJ Asian Private Equity & Venture Capital Awards, released for public voting this week, was the result of the first ever open call for nominations in the Awards’ ten-year history.
Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.
TPG leads Partners Group, ARC China in China Vogue Casualwear deal
An investment consortium led by TPG Capital, the US buyout group, and also including Partners Group and ARC China Holdings, has invested some $45 million in China Vogue Casualwear Ltd., a leading casual sportswear company in China which operates under...
TPG to invest $25 million in Hong Kong Energy through PIPE deal
US buyout major TPG Capital has announced an agreement with Hong Kong Energy (HKE), a listed alternative energy developer and operator in Greater China, to purchase HK$195 million ($25.1 million) of convertible preference shares in the company.
India's GVK Power said still in talks with SCPEL, TPG
GVK Power and Infrastructure Ltd., an arm of Indian conglomerate GVK, is continuing talks with TPG Capital, Standard Chartered Private Equity Ltd. (SCPEL) and Morgan Stanley's infrastructure fund to invest some $250-300 million for up to 30% of its Mumbai...
TPG PRC investee ShangPharma targets listing on NYSE
ShangPharma Corp., a PRC company offering R&D outsourcing services for the pharma and biotech markets, and invested by TPG Capital, has filed for an IPO on the NYSE.
TPG's Bonderman meets Indonesia's Vice President, discusses aviation, infrastructure
TPC Capital, already a participant in the Indonesian market through its relationship with Northstar Capital, has signaled its interest in investing in Indonesia's aviation and infrastructure sectors, a government spokesperson said earlier this week.
CalPERS PE data highlights MOR Asia
The California Public Employees Retirement System (CalPERS) has customarily acted as a bellwether for, and key influencer of, institutional support for private equity.
Russian roulette for PRC investing
The most populous country in the world, China, has been made out to be something of a promised land for private equity.
Which way for Asian private equity?
The release of CalPERS's latest fund performance results comes at an interesting time.
TPG set to make $69 million through Parkway Life exit
TPG Capital is reportedly looking to offload its 9.3% stake in Singapore-based healthcare REIT Parkway Life, via a sale that could fetch as much as S$91.1 million ($69 million).
Alinta seals asset sale deal with TPG consortium
Australian power major Alinta Energy has reached agreement with the TPG Capital-led consortium of its creditors, also including Oaktree Capital and Anchorage Advisers, to sell the majority of its assets into a new company owned by the consortium.
Indonesia Case Study: Astra International
Astra International today is a $25 billion diversified conglomerate, and the star performer of the Indonesia Stock Exchange.
Affinity, TPG investee UTAC seeks to relist in Singapore
Affinity Equity Partners and TPG Capital investee United Test and Assembly Center (UTAC) is seeking to relist in Singapore in an IPO likely to raise up to $600 million, three years after its 2007 privatization, according to reports.
Alinta investors still in talks
TPG Capital – both its TPG Opportunities Partners debt unit and its private equity funds – Oaktree Capital, and Anchorage Advisers are still in talks with Bain Capital affiliate Sankaty Advisors and other debt holders about distressed Australian power...
KKR and TPG may team up to bid for Foster's wine unit
US buyout majors Kohlberg Kravis Roberts and TPG Capital were said to have had early talks for a joint bid for the wine unit of Australian brewer Foster's, according to reports.