TPG Inc. and José Mariano Jiménez: Difference between pages
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'''José Mariano Jiménez''' ([[August 18]], [[1781]] – [[June 26]], [[1811]]) was a [[Mexico|Mexican]] engineer and rebel [[Officer (armed forces)|officer]] active at the beginning of the [[Mexican War of Independence]]. |
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company_logo = [[Image:TPG Capital Logo.png|200px]] | |
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company_name = TPG Capital<br>(formerly Texas Pacific Group)| |
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company_type = [[Private Company|Private Ownership]] | |
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foundation = [[1992]] | |
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founder = [[David Bonderman]], [[James Coulter (financier)|James Coulter]] and [[William S. Price III]] | |
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location = [[Image:Flag of the United States.svg|20px]] [[Fort Worth, Texas]]<br>[[Image:Flag of the United States.svg|20px]] [[San Francisco, California]]<br> | |
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industry = [[Private Equity]] | |
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products = [[Private equity fund]]s, [[Leveraged buyout]]s | |
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assets = $50 billion | |
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homepage = [http://www.tpg.com/ www.tpg.com] | |
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}} |
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Mariano Jiménez was born in [[San Luis Potosí, San Luis Potosí|San Luis Potosí]]. He studied in the [[Colegio de Minería]] in [[Mexico City]] to become a [[mine engineer|mining engineer]]. He graduated in 1804. He soon moved to [[Guanajuato, Guanajuato|Guanajuato]], where he was able to follow the progress of the conspiracy lead by [[Miguel Hidalgo]] that aimed to achieve the independence of Mexico from [[Spain]]. A few days after the war started, Jiménez joined Hidalgo's army and was able to rise quickly in rank until he achieved the rank of [[lieutenant colonel]]. |
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'''TPG Capital''' (formerly Texas Pacific Group, commonly referred to as "TPG") is a [[private equity]] investment firm founded by [[David Bonderman]], [[James Coulter (financier)|James Coulter]] and [[William S. Price III]] in 1992. The firm's industry focuses include consumer/retail, media and telecommunications, industrials, technology, travel/leisure, and health care. The firm is currently investing its fifth fund, TPG Partners V, L.P.{{Fact|date=February 2007}} |
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He distinguished himself on the battlefield, such as during the [[Battle of Cerro de las Cruces]] where his positioning of the [[artillery]] line was instrumental for the rebel victory. He was a very active officer and participated in the defense of [[Guadalajara, Jalisco|Guadalajara]] and San Luis Potosí. |
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TPG has offices in [[Fort Worth]], [[San Francisco]], [[London]], [[Hong Kong]], [[Mumbai]], [[Tokyo]], [[Melbourne]] and [[New York City]]. |
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A betrayal by one of his subordinates led to his capture in [[Acatita de Baján]] in 1811. He was tried for insubordination and executed by [[firing squad]] on [[June 26]], [[1811]], together with other members of the insurgency such as [[Ignacio Allende]] and [[Juan Aldama]] in [[Chihuahua, Chihuahua|Chihuahua]]. |
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TPG is among the "megafunds" in the private equity industry. Notable companies TPG has owned or invested in over the years include [[Continental Airlines]], [[Ducati]], [[Neiman Marcus]], [[Burger King]], [[J. Crew]], [[Lenovo]], [[MGM]], [[Alltel Wireless]], [[Harrah's]], [[Avaya]], [[Freescale Semiconductor]], and [[Univision]]. |
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Jiménez's body was decapitated and his head taken to the [[Alhóndiga de Granaditas]], where it was shown to the public inside a cage hung from one corner of the building. In 1925, his remains were moved to the mausoleum in the [[El Ángel|Independence Column]] in Mexico City. |
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== Notable Investments == |
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Notable TPG investments (proposed and actual) have included,<ref>[http://biz.yahoo.com/ic/51/51545.html TPG Profile at Yahoo.com]</ref><ref>[http://www.fundinguniverse.com/company-histories/Texas-Pacific-Group-Inc-Company-History.html Texas Pacific Group Inc. - Company History<!-- Bot generated title -->]</ref> in chronological order: |
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==See also== |
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* 1993 – TPG founded later in the year after Bonderman acquires bankrupt [[Continental Airlines]] |
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*[[Mexican War of Independence]] |
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* 1996 – TPG invests in [[AT&T Paradyne]], [[Beringer Wine]], [[Ducati Motor Holding|Ducati Motorcycles]], and [[Del Monte Foods]]. |
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*[[Félix María Calleja del Rey, 1st Count of Calderón|Felix María Calleja]] |
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* 1997 – [[J.Crew|J. Crew Group]]. |
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* 1998 – [[ZiLOG]] and [[Oxford Health Plans]]. |
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* 1999 – [[Piaggio|Piaggio S.p.A]], Bally International (including [[Bally Shoe]]), and [[ON Semiconductor]]. |
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* 2000 – [[Seagate Technology]], [[Petco Animal Supplies]], and the controversial acquisition of [[Gemplus International|Gemplus SA]]. |
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* 2001 – [[Telenor Media]] for $600m, and MEMC Electronic Materials<ref>[http://www.businessweek.com/magazine/content/01_43/b3754116.htm BW Online | October 22, 2001 | Texas Pacific: Ready, Set, Buy!<!-- Bot generated title -->]</ref> |
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* 2002 – the [[leveraged buyout]] of [[Burger King]] in July with [[Bain Capital]] and [[Goldman Sachs]] Capital Partners |
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* 2003 – a proposal to buy [[Portland General Electric]] from [[Enron]] on [[November 17]], [[2003]]. However, concerns about debt and local politics led to Oregon's [[Public Utilities Commission]] regulators to deny permission for the purchase [[March 10]], [[2005]].{{cite web |url=http://apps.puc.state.or.us/orders/2005ords/05%2D114.pdf |title=ORDER NO. 05-114 |accessdate=2008-02-01 |author=Oregon Public Utility Commission |date=March 10, 2005 }} |
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* 2005 – acquisition of [[MGM]] and the acquisition of high-end retailer [[Neiman Marcus]]. |
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* In the year 2006: |
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** June – with the help of children's television mogul [[Haim Saban]], the firm won the bid for [[Univision]], the largest Spanish-language media company in the [[United States of America|United States]]. |
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** November – TPG was formed [[Airline Partners Australia]], a consortium with Australia's [[Macquarie Bank]], with the aim of purchasing [[Qantas]].<ref>[http://www.theage.com.au/news/Business/Public-wont-fly-Qantas-if-broken-up/2006/11/22/1163871462015.html "Unions concerned about bid for Qantas"], ''[[The Age]]'', [[November 22]], [[2006]].</ref> The bid failed in May 2007. |
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** [[November 29]], [[2006]] Agreed to partner with [[Hellman & Friedman]] and [[JMI Equity]] to purchase [[Intergraph Corporation]] for $1.4 Billion. |
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** On [[December 1]], [[2006]], it was announced Texas Pacific Group and [[Kohlberg Kravis Roberts]] have been exploring the possibility of a record $100 billion leveraged buyout of the second-largest retailer in the U.S. [[Home Depot]]. <ref>[http://dallas.bizjournals.com/dallas/stories/2006/11/27/daily34.html Report: Texas Pacific eyeing Home Depot - Dallas Business Journal:<!-- Bot generated title -->]</ref> |
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** On [[December 19]], [[2006]], [[Harrah's Entertainment]] announced that its board of directors voted to accept a buyout offer from [[Apollo Management]] and Texas Pacific Group for $17 billion, or $90-per-share.<ref>[http://www.lasvegassun.com/sunbin/stories/nevada/2006/dec/19/121910040.html "Harrah's Entertainment board agrees to $90 a share buyout bid"], ''[[Las Vegas Sun]]'', [[December 19]], [[2006]].</ref> |
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* February 2007, Texas Pacific Group and [[Kohlberg Kravis Roberts]] announce intention to acquire [[TXU]] for about $45 billion, including debt, in the largest-ever [[leveraged buyout]].<ref>{{cite news|url=http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyID=2007-02-26T121906Z_01_WNAS2031_RTRUKOC_0_US-TXUCORP-TAKEOVER-KKR.xml&WTmodLoc=NewsHome-C3-businessNews-2|title=KKR, Texas Pacific-led group to buy TXU Corp|publisher=[[Reuters]]|date=February 26, 2007}}</ref> The deal is also notable for a drastic change in [[environmental policy]] for the energy giant, in terms of its [[carbon emissions]] from [[Fossil fuel power plant|coal power plants]] and funding [[alternative energy]].<ref>{{cite news|url=http://www.chron.com/disp/story.mpl/ap/business/4583404.html|author=DAVID KOENIG|publisher=[[Houston Chronicle]]|date=February 26, 2007|title=TXU's $32B takeover by KKR-led group draws only muted criticism}}</ref> |
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* [[March 26]], [[2007]] Agreed to Purchase [[HealthSouth Corporation]]'s Ambulatory Surgery Division. <ref>[http://www.cnbc.com/id/17797350 HealthSouth To Sell Surgery Division To TPG - News - MSNBC.com<!-- Bot generated title -->]</ref> |
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* [[May 20]], [[2007]] Agreed to partner with [[Goldman Sachs]] and purchase [[Alltel]] Wireless for $27 Billion. The transaction was approved by the Federal Communications Commission, subject to various conditions, <ref>http://hraunfoss.fcc.gov/edocs_public/attachmatch/FCC-07-185A1.pdf</ref> and closed on November 16, 2007. <ref>[http://phx.corporate-ir.net/phoenix.zhtml?c=74159&p=irol-newsArticle&ID=1079042 Alltel | Investors | Press Release<!-- Bot generated title -->]</ref> |
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* [[June 5]], [[2007]] Agreed to partner with [[Silver Lake Partners]] to purchase [[Avaya]] for $8 Billion. |
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* [[August 12]], [[2007]] Agreed to purchase [[Midwest Air Group]] subsidiaries including [[Midwest Airlines]] ending the hostile takeover attempt by [[AirTran Airways]]. [[Northwest Airlines]] also invested in this purchase as a passive investor. |
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*[[August 14]], [[2007]] Increased its offer to purchase Midwest after a late attempt by Airtran to increase its bid for Midwest. |
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*November, 2007 - In partnership with GS Capital Partners, takes ownership of Alltel Wireless in a $27.5B leveraged buyout. |
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*[[January 28]], [[2008]] TPG and Apollo complete the acquisition of [[Harrah's Entertainment]] |
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*[[April 7]], [[2008]] - Leads $7 Billion investment in [[Washington Mutual]]. This investment effectively was rendered worthless on September 25, 2008, when the [[Federal Deposit Insurance Corporation]] seized Washington Mutual. |
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*[[June 1]], [[2008]] - Buys a 20% stake in [[Bradford & Bingley]]. (Aborted on [[July 4]]<ref>[http://www.iht.com/articles/2008/07/04/business/04bingley.php "TPG abandons plan to buy stake in Bradford & Bingley"], ''[[International Herald Tribune]]'', [[July 4]], [[2008]].</ref>) |
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*[[June 5]], [[2008]] - Along with GS Capital Partners, sells Alltel Wireless to Verizon |
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*[[August 4]], [[2008]] - Along with Global Infrastructure Partners, offers to buy Asciano for AUD 2.9 bn in an unsolicited takeover |
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*[[September 25]], [[2008]] - Washington Mutual is taken over by the government costing TPG a 1.35 Billion dollar investment. |
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== Recognitions == |
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During 2005 and 2006, Texas Pacific Group was recognized by several members of the media for its performance. The firm was called "Firm of the Year" by [[Buyouts Magazine]]{{Fact|date=February 2007}}; "Best Global Firm of the Year" by [[Euromoney Magazine]]{{Fact|date=February 2007}}; "North American Large Cap Private Equity Firm of the Year" by [[Global Finance Magazine]]{{Fact|date=February 2007}}; and [[TPG-Newbridge]] was named "Best Firm of the Year" by the [[Asia Venture Forum]].{{Fact|date=February 2007}} |
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== Notable Current and Former Employees == |
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*[[Kevin Rollins]] - former President & CEO of [[Dell|Dell Computers]] |
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==References== |
==References== |
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{{reflist}} |
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== External links == |
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*[http://www.texaspacificgroup.com/ TPG - Texas Pacific Group Official Site] |
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{{Template:Private equity firms}} |
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[[Category:Financial services companies of the United States]] |
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[[Category:Privately held companies of the United States]] |
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[[Category:Companies based in Fort Worth, Texas]] |
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[[Category:Texas Pacific Group| ]] |
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[[Category:Entities involved in United States housing bubble]] |
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* {{es}} [http://www.e-local.gob.mx/work/templates/enciclo/sanluispotosi/hist.htm Enciclopedia de los Municipios de México Estado de San Luis Potosí] |
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* {{es}} [http://www.iea.gob.mx/efemerides/efemerides/biogra/mjimenez.html Mariano Jiménez on Instituto de Educación de Aguascalientes] |
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{{DEFAULTSORT:Jimenez, Jose Mariano}} |
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[[de:Texas Pacific Group]] |
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[[Category:People of the Mexican War of Independence]] |
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[[it:Texas Pacific Group]] |
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[[ja:テキサス・パシフィック・グループ]] |
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[[Category:1811 deaths]] |
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[[zh:德州太平洋集團]] |
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Revision as of 18:03, 13 October 2008
José Mariano Jiménez (August 18, 1781 – June 26, 1811) was a Mexican engineer and rebel officer active at the beginning of the Mexican War of Independence.
Mariano Jiménez was born in San Luis Potosí. He studied in the Colegio de Minería in Mexico City to become a mining engineer. He graduated in 1804. He soon moved to Guanajuato, where he was able to follow the progress of the conspiracy lead by Miguel Hidalgo that aimed to achieve the independence of Mexico from Spain. A few days after the war started, Jiménez joined Hidalgo's army and was able to rise quickly in rank until he achieved the rank of lieutenant colonel.
He distinguished himself on the battlefield, such as during the Battle of Cerro de las Cruces where his positioning of the artillery line was instrumental for the rebel victory. He was a very active officer and participated in the defense of Guadalajara and San Luis Potosí.
A betrayal by one of his subordinates led to his capture in Acatita de Baján in 1811. He was tried for insubordination and executed by firing squad on June 26, 1811, together with other members of the insurgency such as Ignacio Allende and Juan Aldama in Chihuahua.
Jiménez's body was decapitated and his head taken to the Alhóndiga de Granaditas, where it was shown to the public inside a cage hung from one corner of the building. In 1925, his remains were moved to the mausoleum in the Independence Column in Mexico City.