China acquires $3 billion stake in Blackstone
(Update: This just in: Texas Pacific Group and Goldman Sachs’ private equity arm have agreed to acquire Alltel, the wireless phone company, for $27.5 billion, the largest telecom buyout ever. There’s a frenzy of activity in the private equity world, and we’re likely seeing its… Continue Reading
Sabre Holdings, travel reservation co., sold to private equity firms for $4.3 billion
Sabre Holdings, the travel reservation company once owned by American Airlines, agreed to be sold late last night for about $4.3 billion to Menlo Park’s Silver Lake Partners and the Texas Pacific Group, according to the NYT. The deal is expected to be announced today…. Continue Reading
Texas Pacific Group to raise global mid-market buyout fund.
See PEHub piece here.
Intel, TPG invest $36.5M into Vietnam tech outsourcing co., FPT
Chip giant Intel and buyout firm Texas Pacific Group are investing $36.5 million in Vietnam’s largest software company, FPT.
Here is a good summary of the investment in today’s Mercury News. FPT offers a range of services, including back-end computing services, telecommunications and outsourcing to Japanese… Continue Reading