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 peak.)
This isn’t a venture capital story, but is significant because it is an unprecedented commitment by China to a U.S. investment firm — and suggests more Chinese money may be… 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.
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 companies.
The investment reflects a growing confidence in the Vietnamese economy, which reported economic growth of 8.4 percent last year. Vietnam’s tech market, estimated to be valued at $800 million, is… Continue Reading