TPG Capital
| TPG Capital Inc.
|
|
|---|---|
 |
|
| legal form | Limited partnership |
| founding | 1993 |
| Seat | Fort Worth (Texas), San Francisco and London |
| management | David Bonderman Jim Coulter Jonathan Coslet Timothy Dattels |
| Branch | Equity investments |
| Website | www.tpg.com |
The TPG Capital (TPG) is a in 1993 as Texas Pacific Group based venture capital - and private equity -Beteiligungsunternehmen with offices in Fort Worth (Texas), San Francisco and London . The company is one of the world's largest companies in this market segment. It was named after the Texas and Pacific Railroad railroad company .
history
In 1993 David Bonderman, James Coulter and William S. Price founded the Texas Pacific Group in Fort Worth , Texas, named after the Texas and Pacific Railroad . At the beginning of 2007 the name was changed to TPG Capital .
Business activity
TPG Capital buys or participates in companies that are uninteresting for many other competitors and economically weakened. In doing so, it tries to take effective control of the companies in which it invests through a majority of the supervisory board, the chairmanship or a majority in general meetings. TPG Capital frequently engages in large volume transactions. In 2005, for example, the technology company SunGard Data Systems was acquired for USD 11.3 billion together with six other private equity firms, including Silver Lake Partners. The purchase of the Hollywood studio Metro-Goldwyn-Mayer, which TPG made together with Comcast, Sony and two financial houses (Providence Equity Partners and DLJ Merchant Banking Partners), had a total volume of USD 4.9 billion. The industry focus is on companies with well-known brands in the consumer or luxury goods sector. Technology companies such as Seagate Technology and ON Semiconductor can also be found in the TPG investment portfolio. Other examples are Burger King, Ducati, or airlines like Continental and America West.
TPG is also heavily involved in Europe, for example through a stake in Gate Gourmet, one of the world's largest airline caterers, which was taken over by insolvent Swissair in 2002. In addition, TPG holds shares in the luxury brand Bally Managements and a majority stake in the Greek mobile network operator TIM Hellas Telecommunications with a transaction volume of USD 1.4 billion. In Germany, TPG is best known for its stakes in Grohe AG, Hemer and Mobilcom AG, Büdelsdorf. As a rule, TPG holds its investments for at least five years. However, profitable investments are also held indefinitely. The takeover is financed by investment funds that TPG Capital places on the capital market for this purpose. Above all, the takeover of the fittings manufacturer Grohe in 2004 by TPG and others had provoked the SPD chairman Franz Müntefering to his grasshopper settlement .
Funds
| Funds | Year of issue | Investment volume (million USD ) | Investment |
|---|---|---|---|
| Private equity | |||
| TPG Capital | 50,000 | 78 companies, u. a. Burger King , Continental Airlines , Cirque du Soleil , Grohe , Norwegian Cruise Line , Seagate | |
| TPG Capital Asia | 6,000 | 24 companies, u. a. btpa Bank , Lenovo , Shriram , Vishal , HCP , Cushman & Wakefield | |
| TPG Growth | 2007 | 7,000 | 50 companies, u. a. Access , Azul , Airbnb , Big River Steel , Spotify , STX Entertainment , Uber |
| TPG Art | 250 | Advantek , Anuvia , ChemEOR , EBES , mpower , Mercatus | |
| TPG Biotech | 2002 | 1,200 | 42 companies, u. a. AgraQuest , Avidia , Quintiles , Immucor , NTpharma |
| Pace Holdings | 2015 | 460 | |
| Credit | |||
| TSSP | 18,000 | ||
| Real estate | |||
| TPG Real Estate | 7,000 | A&O Hotels and Hostels | |
| TPG Real Estate Partners | 5,000 | ||
| TPG Real Estate Finance Trust | 3,000 | ||
| Hedge funds | |||
| TPG Public Equity Partners | 1,000 | ||
Web links
- Texas Pacific Group website (English)
- Website of the Texas Pacific Group Ventures , a TPG partner company, with a list of a network of partner companies and capital providers.
Individual evidence
- ^ Texas Pacific Group Inc. History. FundingUniverse, accessed July 30, 2016 .
- ↑ Henny Sender: Sorry, sir. Texas Pacific Group Isn't Here Anymore. The Wall Street Journal , March 1, 2007, accessed July 30, 2016 .
- ↑ Oliver Faber: Financial investors in Germany portraits and investment examples. (PDF) Hans Böckler Foundation , April 2006, accessed on August 5, 2016 .
- ↑ Cornelius Welp: Grohe's large grasshopper balance. Wirtschaftswoche , September 26, 2013, accessed on August 8, 2016 .
- ↑ TPG Capital. TPG Capital, accessed on August 10, 2016 .
- ↑ TPG Capital Asia. TPG Capital, accessed on August 10, 2016 .
- ↑ TPG Growth. TPG Capital, accessed on August 10, 2016 .
- ↑ TPG Art. TPG Capital, accessed on August 10, 2016 .
- ↑ TPG Biotech. TPG Capital, accessed on August 10, 2016 .
- ^ Pace Holdings. TPG Capital, accessed on August 10, 2016 .
- ↑ TSSP. TPG Capital, accessed on August 10, 2016 .
- ↑ a b c TPG Real Estate. (No longer available online.) TPG Capital, formerly the original ; accessed on August 10, 2016 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ TPG Real Estate Acquires A&O Hotels and Hostels. (No longer available online.) Yahoo Finance, archived from the original on January 4, 2017 ; accessed on January 4, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ TPG Public Equity Partners. TPG Capital, accessed on August 10, 2016 .
