TGP Capital

Private equity firm TPG Asia will sell 12.5 million shares in Sai Life Sciences through a ₹102 crore block deal; IIFL Capital and Jefferies are advising the transaction

TPG said in May it secured approximately $5.3 billion in capital commitments for its Asia VIII fund, making it the largest in its 30-year history investing in the region

The acquisition marks Asia Healthcare's foray into urology and nephrology segments after oncology, women and child care through Motherhood Hospitals and infertility treatment via Nova IVF Fertility

The Competition Commission of India has slapped penalties totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA and TPG Group, shall pay the penalty jointly and severally, the CCI order said. The transaction pertains to the combination comprising the acquisition of a stake in UPL SAS by Platinum Trust and TPG Upswing through the Upswing Trust, the CCI said in the order. Abu Dhabi Investment Authority is the sole beneficiary and settlor of the Platinum Trust, while TPG Upswing is a part of the TPG Group. In December 2022, the Competition Commission of India (CCI) received a notice jointly given by Platinum Trust, acting through Platinum Trustee, and TPG Upswing in relation to the combination. The regulator noted that the UPL SAS acquisition has been ...

The acquisition would hand TPG control of Forcepoint Global Governments and Critical Infrastructure, which focuses on key infrastructure for US government and federal agencies

US-based private equity major TPG Capital on Friday sold its entire 11.25 per cent stake in automobile dealership chain Landmark Cars for Rs 293 crore through an open market transaction. With this transaction, TPG has exited the automobile dealership company. According to block deal data available with the National Stock Exchange (NSE), TPG through its affiliate TPG Growth II SF Pte Ltd divested a total of 44.56 lakh shares, amounting to an 11.25 per cent stake in Landmark Cars. The transaction took place at Rs 658 per share, aggregating the transaction size to Rs 293 crore, the data showed. These shares were picked up by a host of investors, such as Societe Generale, Goldman Sachs Funds, Unifi Capital, Abakkus Asset Manager LLP, 3P India Equity Fund 1 and ICICI Prudential Life Insurance Company. Following the deal, shares of Landmark Cars surged nearly 10 per cent to end the trade at Rs 727 on the NSE. According to the shareholding pattern with stock exchanges, TPG owned 44.56

Major private equity firms have been looking to expand beyond their mainstay business as the equity funding market loses steam

Among the buyers were Fidelity and Societe Generale. Shares of the shoe manufacturer closed at Rs 338 on the NSE, where Rs 1,229 crore shares changed hands

The investment interest comes as Indian drugmakers are focusing on specialty products, while relying extensively on Chinese imports for basic ingredients and other raw materials used in medicines

Hits and misses: The US private equity firm has a mixed record