TPG Capital
New recruit Chang expands Colony beyond real estate
The recent engagement of Justin Chang by $39 billion real estate-focused group Colony Capital is one of the latest milestones in the firm’s move out of its traditional real estate focus into broader corporate private equity investment.
Colony recruits former TPG partner Chang
US $39 billion real estate-focused group Colony Capital has recruited Justin Chang, formerly a partner with TPG Capital in Hong Kong, as a principal, to be based in Santa Monica, CA, and focus on extending Colony's investments into energy, healthcare,...
The mill wheels churn
Two big investments in one week follow two major trade sales in the previous week.
Asian buyers are back
Leading private equity investors are probably breathing sighs of relief as their exit options appear to be reopening, particularly in Southeast Asia.
TPG exits Parkway for $685 million
TPG Capital has sold its 23.9% stake in Singapore hospital operation Parkway Holdings to Indian healthcare group Fortis Healthcare for $685.3 million.
TPG may back Shriram Properties
US buyout firm TPG Capital may be backing Bangalore-based real estate developer Shriram Properties in their acquisition of property assets, according to local media reports.
Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Asst Treasurer Sherry cites "fair and equitable" tax in Oz Forum
Australia’s Assistant Treasurer, Senator the Hon. Nick Sherry, repeatedly referred to Australia's desire to promote a "fair and equitable tax system," as he opened the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney.
TPG exit dents Lenovo shares
TPG Capital's latest partial exit from landmark investee PRC computer maker Lenovo Group drove the company's shares lower in Hong Kong, after a sale of just under $70 million of stock.
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.
Bain, KKR, TPG may get CICC from MS
Bain Capital, Kohlberg Kravis Roberts & Co. and TPG Capital are reportedly on the shortlist for the final round of bidding for Morgan Stanley’s $1 billion+ stake in PRC investment bank China International Capital Corp. (CICC).
JAL still undecided
Japan Airlines has apparently not rejected any option out of the proposed business alliances offered by Delta Airlines and an American Airlines/TPG Capital consortium.
TPG buys into Indian green energy with Greenko
TPG Capital has made its first investment in the country’s clean energy sector, with a c. $35 million buy-in into prominent Indian biomass power generator Greenko, as part of a placement of 51.4 million new shares and a $116 million capital raising from...
Private equity's crisis year, by the numbers
The Research division of AVCJ has just released the full-year figures for the Asia Pacific market in 2009 – and they make interesting reading.
No foreign money needed, says JAL
Neither the consortium of TPG Capital and American Airlines, nor rival Delta Airlines, seem to be immediately likely to pick up stakes in Airlines (JAL), the largest airline company in Asia, following the latest development initiated by the Enterprise...
2010: A roaring Year of the Tiger?
2010 may deliver the hoped-for recovery, but no one is taking it for granted.
No luck for TPG/AA JAL offer?
Japan Airlines Corp. (JAL) and Japan’s Enterprise Turnaround Initiative Corporation (ETIC) reportedly decided to pick Delta Air Lines Inc. as the capital alliance partner for the struggling airline, rejecting a $1.1 billion support proposal from American...
Australia tax office may hit investments
The Australian Tax Office has made a draft determination stating that in some cases profits from the disposal of assets by private equity firms can be classed as taxable income.
TPG, AA up JAL offer
American Airlines CFO Tom Horton said publicly in Tokyo that his company and TPG Capital would increase their joint investment offer for struggling Japan Airlines, indicating up to $1.1 billion could be committed, much of it drawn from TPG.
Fundraising shows signs of life – but not as we know it?
Fundraising seems to be showing life at last, but in some unfamiliar forms.
JAL targeted by TPG, US airlines
Directly after struggling national carrier Japan Airlines received an up to ￥130 billion ($1.4 billion)