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Entries tagged "TPG Capital"TPG throws its LPs a $20M sopThe giant buyout shop gives its investors a $20 million refund on the $188 million or more in management fees they pay annually. PE a problem for CorzineRepublicans attack Democratic Gov. Jon Corzine for an investment in TPG Capital-Axon as the New Jersey governor's race heats up. TPG has $30B burning a hole in its pocketThe giant LBO shop has $30 billion in its coffers and is hunting for deals. Good deeds come back to bite TPGEvidently no good deed goes unpunished -- at least for private equity firm TPG Capital, which often falls flat when playing the role of white knight. Financial crisis: Dealmaking winners & losersIn the nearly two years since the recession began dealmakers have gotten one opportunity after another for transformational M&A deals. The Deal picks the Winners and the Losers. PE firms eye Chinese retailersIn China buyout shops are busy grabbing minority stakes in retailers within the world's most populous country. TPG trades buyouts for debt marketsThe private equity firm looked at 140 potential buyouts in recent months and took a pass on all of them. Apollo gets burned on Lyondell debt bought from CitigroupMaybe buying all those heavily discounted loans from the banks wasn't such a good deal after all. It appears that Apollo Management LP is the first to get burned on the debt that buyout shops bought (supposedly) on the cheap from Wall Street banks in 2008, as the private equity firm is left holding the bag on $2 billion in debt from now bankrupt Lyondell Chemical Co.... As banks merge, private equity stays on the sidelineWhen trouble first started hitting Wall Street, it looked as if a golden opportunity was beckoning for private equity and distressed investors who were already sitting on piles of cash just waiting to be deployed into high-quality investments. Over the last 18 months, the financial services sector has been rocked by failures, shot-gun marriages and now government rescues, but with only a few exceptions buyout shops have been content to watch and wait from the sidelines. ... Bailout prompts PE firms to take another look at banksAfter spending most of 2008 watching banks twist in the wind, deep-pocketed private equity firms may finally be preparing to wade into the fray following the $700 billion bailout. Speaking at the Super Return Middle East conference in Dubai this week, private equity heavy weights Stephen Schwarzman, David Rubenstein and Henry Kravis indicated that the U.S. government's actions could be the trigger that lures buyout shops into banking investments, according to a Bloomberg report. ... Reliant exploring options, may sellAs if there wasn't enough bad news already, Houston electricity provider Reliant Energy Inc. announced Monday it was reviewing strategic alternatives, including a possible sale. Sources confirmed that Jeff Holzschuh at Morgan Stanley and Bill Montgomery and Tim Kingston at Goldman Sachs Group Inc. are advising Reliant, along with Mike Rogan at Skadden, Arps, Slate, Meagher & Flom LLP in Washington. ... WaMu seizure leaves TPG with steep lossUnlike five months ago, when Washington Mutual Inc. last found itself in need of a deep-pocketed backer, private equity money didn't ride to the rescue this time. And with confidence in the bank flagging, banking regulators took over the thrift and sold its assets to J.P. Morgan Chase & Co. for $1.9 billion leaving private equity stakeholder TPG Capital with a steep loss on its investment.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "TPG Capital." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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