TPG agrees to sell minority stake: source

SUBJECT:

PRI: NORMAL

FROM:

E

eschwerin@rosemontseneca.com

DATE:

2011-04-01 14:18:49

MSG_ID:

<C52F987E-914B-4CBF-AF1D-35FBD798D528@rosemontseneca.com>

RECIPIENTS:

TO:

A

Arlene Busch <abusch@rosemontseneca.com>

D

Devon Archer <darcher@rosemontseneca.com>

H

Hunter Biden <hbiden@rosemontseneca.com>

CONTENT: TEXT: YES | HTML: YES

PROCESSED

TPG agrees to sell minority stake: source

24 mins ago

NEW YORK (Reuters) – Private equity firm TPG Capital (TPG.UL) has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday.
TPG told its investors in a letter that it had agreed to a small stake sale, said the source who has also seen the letter, although the letter did not specify who the buyers were.
The letter said that the capital would be used to fund the expansion of TPG's existing business lines and firmwide operations, said the source.
(Reporting by Megan Davies, editing by Gerald E. McCormick)


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

METADATA:

THREAD:

INDEX: Adhho11oBauOpPMsR/6614aS3FQfzA==

EMAIL DETAILS