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Entries tagged "TPG"Hiring for return of PE, smaller LBOsWith the crunch easing and markets appearing to stabilize, private equity seems to be back, gearing up for deals. The rise and fall of European private equityIn the last decade, private equity flourished in Europe until the credit crisis. The Deal's John Morris takes a look back on some of the continent's seminal deals. TPG ends talks to sell a stake in itselfThe Texas buyout shops ended talks with the Kuwaiti Investment Authority and two California pension funds. When casinos gamble ... and lose?It's safe to say that the state of the casino industry has changed substantially in the past year or two. ... Harrah's a bad bet for PE?Harrah's Entertainment Inc.'s ills reportedly continue to erode the value of a $5.87 billion equity bet that buyout sponsors made on the casino and hotel operator. GoldenTree Asset Management LP, a New York alternative investment house that co-invested in the $29.9 billion LBO of Harrah's that closed Jan. 28, has written down its equity in the deal by 75%, according to Monday's Wall Street Journal. GoldenTree declined to comment on the report.... WaMu's tea leaves need some decipheringReports of an impending takeover of Washington Mutual Inc. are flying. Citigroup Inc., HSBC Holdings plc, J.P. Morgan Chase & Co. and Wells Fargo & Co. are all mentioned as potential bidders by Reuters. Goldman, Sachs & Co. and Morgan Stanley (no small irony here) are reportedly advising WaMu on its options. ... TPG set to close on $30B in 2008Predictions of a steep drop-off in private equity fundraising may be premature as buyout shop TPG Capital is poised to put $30 billion in new capital under management this year. ... WaMu's Killinger gets the hook; S&L veteran Fishman brought inThe credit crunch has claimed another victim in the person of Washington Mutual Inc.'s CEO Kerry Killinger. He will be replaced by Alan Fishman, the current COO of commercial mortgage broker Meridian Capital Group and former COO of Sovereign Bancorp, the second-largest savings and loan behind Washington Mutual. ... Report: TPG wraps up $20B megafundDebt markets may be sapping leveraged buyout activity, but it seems that nothing can slow down the private equity fundraising jugganaut. TPG Capital is reportedly the latest firm to wrap a megafund since the credit crisis hit, closing with $20 billion, according to a report in U.K. newspaper The Telegraph.... Report: Midwest behind on airport payments, may file Chapter 11Private equity-backed Midwest Air Group Inc. has been largely silent since announcing last month it would cut 40% of its staff in an effort to prevent a bankruptcy filing. But the company's troubles apparently are far from over.... TPG tries again in AustraliaTPG is back in the Australian outback. The Fort Worth, Texas based private equity firm has teamed up with Global Infrastructure Partners, a joint venture of General Electric and Credit Suisse, to make an A$8 billion ($7.4 billion) offer for ports and rail-freight company Asciano Ltd. It would rank as Australia's largest ever leveraged buyout.... Clock ticking on TPG-backed Midwest to secure concessionsTime appears to be running short on Midwest Air Group Inc. as the private equity-backed airline scrambles to secure concessions that will allow it to avoid a Chapter 11 filing.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "TPG." 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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