TPG Capital
Deal focus: TPG makes surprise trade sale
Secrecy was paramount as TPG Capital abandoned plans to list Australia's Alinta Energy in favor of negotiating a $3.1 billion trade sale to Hong Kong-based Chow Tai Fook Enterprises
Chow Tai Fook to buy Australia's Alinta from TPG
Hong Kong's Chow Tai Fook Enterprises (CTFE) has agreed to buy Australian power utility Alinta Energy, providing an exit for TPG Capital.
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Ex-TPG Asia head Ben Gray targets $1.5b Australia fund
Ben Gray, the Australia-based former co-head of TPG Capital’s Asia operations, is looking to raise A$2 billion ($1.5 billion) for an Australia and New Zealand-focused fund.
China used car trading platform Uxin raises $500m
Chinese used car trading platform Uxin has raised $500 million in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital.
TPG targets up to $4.5b for seventh Asia fund
TPG Capital is seeking between $4 billion and $4.5 billion for its seventh pan-Asian fund, having closed the previous vehicle at $3.3 billion in 2014 after a challenging two-year-plus process.
Warburg Pincus, Tencent lead $215m round for China's Mobike
Chinese bike-sharing start-up Mobike has received $215 million in Series D funding, led by domestic internet giant Tencent Holdings and Warburg Pincus. The company now claims to be the best funded participant in its industry globally.
TPG-owned Inghams scales back Australia IPO
Ingham’s Enterprises, an Australian poultry producer bought by TPG Capital three years ago, has scaled back its domestic IPO to a target of A$596.4 million ($457 million).
TPG-owned Ingham's targets up to $843m in Australia IPO
Ingham’s Enterprises, an Australian poultry producer owned by TPG Capital, is seeking to raise up to A$1.12 billion ($843 million) through a domestic IPO.
MBK, TPG to buy Wharf’s telecom business for $1.2b
MBK Partners and TPG Capital have agreed to acquire Hong Kong telecom services provider Wharf T&T from its parent company The Wharf Holdings for HK$9.5 billion ($1.2 billion).
PE recruitment: The churn
Recent turnover spikes at pan-regional players could be a harbinger of future spin-outs
TPG hires Ex-MSPEA executive as partner in Korea
TPG Capital has appointed Sanghoon Lee, formerly a managing director with Morgan Stanley Private Equity Asia (MSPEA), as a partner to lead the firm’s investments in South Korea.
China’s Tencent, PCCW invest in PE-backed STX Entertainment
China’s Tencent Holdings and Hong Kong-based telecom company PCCW have made equity investments in STX Entertainment, a Hollywood film and TV studio backed by Hony Capital and TPG Capital's growth arm.
TPG buys control of India maternity hospital operator
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
TPG buys stake in Philippines rural bank
TPG Capital’s growth unit has agreed to buy a 40% stake in One Network Bank (ONB), the rural subsidiary of mainstream Philippines lender BDO. Financial terms were not disclosed.
Shenzhen Hepalink commits $60m to TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
OPIC initiates $250m loan for Myanmar's Apollo Towers
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, has begun the initial disbursement of a $250 million loan to private equity-backed Apollo Towers Myanmar.
IFC leads $60m round for India's Lenskart
The International Finance Corporation (IFC) has led a INR4 billion ($60 million) Series D round of funding for Indian online eyewear retailer Lenskart.
TPG buys India-focused CTSI for $33m
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for a 65% interest.
TPG leads $150m round for India's Janalakshmi
TPG Capital has led a $150 million round of funding for Indian microfinance lender Janalakshmi Financial Services.
TPG hires ex-CHAMP director Joel Thickins as Australia head
TPG Capital has appointed Joel Thickins, formerly a director at CHAMP Private Equity, as new Australia country head.
China hospitals: Long-term cure?
Hospitals have emerged as a phenomenally popular target for private equity in China, but it may take time for ambitious growth projections to be realized
TPG targets India distress
TPG Capital is planning to invest up to $3 billion in India-based distressed assets over the next three years, according to Jim Coulter, the firm's co-founder and co-CEO.
Australian LPs make for sophisticated co-investors - AVCJ Forum
Australian superannuation funds are more sophisticated co-investors than their US counterparts, but the ability of LPs across the industry to participate in these deals remains limited.