TPG Capital
Northstar sells stake in Sumber Alfaria in Indonesia
Indonesian private equity firm Northstar Pacific Partners has sold a 28.52% stake in local-listed retail business PT Sumber Alfaria to a consortium of five foreign buyers, receiving INR448.46 billion ($50 million) or almost a 203% return on its investment....
Standard Chartered Private Equity begins partial exit from Mahindra & Mahindra Financial Services
Standard Chartered Private Equity is reportedly in the process of partially exiting its stake in Indian rural-focused, auto-finance firm Mahindra & Mahindra Financial Services, for an estimated 2.2x return on its investment.
Carlye and TPG get regulatory approval to buy Healthscope for $2.5 billion
Global private equity giants the Carlyle Group and TPG Capital have received a green light from Australia's Foreign Investment Review Board to acquire the country's second-largest hospital operator, Healthscope.
Alinta's future hinges on private equity consortium deal
Australian power generation company Alinta Energy Group has been in talks with TPG Capital’s debt investment arm, TPG Opportunities Partners, to restructure the company, pending the outcome of an earlier proposal by the company for trade sales plus an...
Foster's tells private equity firms wine bids are corked
Australian beverages major Foster’s Group’s plans to divest its Treasury Wine Estates wine estate, which owns the Lindemans, Rosemount, Penfolds and Wolf Blass brands, has not been the PE win many firms had hoped for.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
TPG gets green light for Vishal
TPG Capital's protracted bid to pick up assets from India's struggling Vishal Retail group appears finally concluded, as Vishal's board approved the sale of its wholesale, institutional sales and franchise businesses to the private equity firm.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
TPG, Oaktree, Anchorage ready to back Alinta recap
TPG Capital - through its TPG Opportunities Partners special situations vehicle and private equity funds - with Oaktree Capital and Anchorage Advisers are preparing a recapitalization deal for Australian power generator Alinta Energy, previously Babcock...
Cerberus misses Foster's wine business, TPG, KKR in frame
Cerberus Capital Management, the US buyout firm specializing in turnaround investments, was the private equity firm that offered to buy 100% of the Treasury Wine Estates unit of Australia’s largest beer maker, Foster's Group, for up to $2.5 billion, with...
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore through...
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
Hero Honda's motor stalled
Honda’s motor has reportedly stalled in its attempt to divest its 26.21% stake in its Indian Hero Honda subsidiary as Honda, Hero Honda’s promoters, and private equity suitors have not agreed on the valuation of the stake.
TPG's Newbridge Asia to sell $1.16 billion of Ping An shares
TPG Capital’s legacy fund Newbridge Asia is reportedly preparing to sell $1.16 billion worth of shares in Ping An Insurance Group Co. of China, coming as the insurer – the world’s second-largest – looks to streamline the integration of its holding Shenzhen...
Industry Q&A: TPG Capital
Off the back of the announcement of two RMB funds – the TPG China Partners I fund and the TPG Western China Growth Partners I, both targeting RMB5 million ($735.5. million) – AVCJ sat down with the firm’s Founding Partner James Coulter (pictured), Managing...
China onwards ever upwards
The latest news on plans by the PRC insurance regulator, the China Insurance Regulatory Commission (CIRC), to clear the way for the country’s insurers to invest up to RMB122 billion ($33.2 billion) into private equity and direct investments appears to...
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
TPG nears Vishal acquisition
One month after TPG Capital encountered unexpected opposition from Indian retail brand Future Group in its bid for control of distressed domestic superstore chain owner Vishal Retail, TPG has reportedly been given its necessary break as Vishal’s shareholders...
TPG's first RMB fund targets RMB5 billion
US private equity giant TPG Capital has established its maiden RMB-denominated fund, TPG China Partners I, in agreement with the government of Pudong New Area in Shanghai Municipality, with a target size of RMB5 billion ($735.5 million).
TPG nears $100 million deal with Shriram Properties
TPG Capital is reportedly set to invest $100 million for a nearly 25% stake in Shriram Properties, an Indian asset with an estimated value of more than $400 million.
Suzlon may sell 25% stake in REpower to PE players
Top Indian wind-power firm Suzlon Energy is reportedly in talks with private equity players including TPG Capital to sell a 25% stake in its REpower subsidiary in a deal that could fetch $500 million.
TPG said to be supporting Alinta restructuring
TPG Capital has been in discussions with Alinta Energy, one of Australia's leading power generation groups, for its debt investment arm to support a restructuring of the business as it explores options, including asset sales, to pay off some A$2.7 billion...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...