TPG Capital Inc, previously known as Texas Pacific Group, is an American investment company.
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20 Facts About TPG Capital
2.
Texas Pacific Group, later TPG Capital, was founded in 1992 by David Bonderman, James Coulter and William S Price III.
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4.
TPG Capital was able to complete a turnaround, beginning in 2002, and to complete an IPO in 2006.
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5.
TPG Capital completed a buyback of TPG's PIPE convertible in 2000, which would ultimately be acquired by UnitedHealth Group, in 2004.
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6.
In 2000, TPG Capital completed the controversial acquisition of Gemplus SA, a smart card manufacturer.
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7.
TPG Capital won a struggle with the company's founder, Marc Lassus, for control of the company.
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8.
In 2001, TPG Capital acquired Telenor Media, a Norwegian phone-directory company, for $660 million, and shortly thereafter acquired a controlling interest in silicon-wafer maker MEMC Electronic Materials.
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9.
In November 2003, TPG Capital provided a proposal to buy Portland General Electric from Enron.
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10.
TPG Capital entered the film production business in late 2004, in the major leveraged buyout of Metro-Goldwyn-Mayer.
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11.
Also in 2005, TPG Capital was involved in the buyout of SunGard in a transaction valued at $11.
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12.
In early 2006, as TPG Capital was completing fundraising for its fifth private equity fund, co-founder Bill Price announced that he would reduce his work at the firm.
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13.
In early 2007, the firm, officially changed its name to TPG Capital, rebranding all of its funds across different geographies.
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14.
Financial Times reported, in February 2014, TPG Capital considered issuing an IPO, deciding, in March 2017, to remain private.
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15.
In 2016, TPG Growth, the growth equity and smaller buyout investment arm of TPG Capital, acquired technology staffing firm Frank Recruitment Group in a deal that valued the company at £200 million.
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16.
In September 2017, TPG Capital acquired majority stake in Australia's largest contract research organization, Novotech Clinical Research.
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17.
In November 2017, TPG Capital acquired Mendocino Farms; former Yard House CEO Harald Herrmann was appointed as its CEO.
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18.
In February 2018, TPG Capital backed former AOL CEO Jon Miller in acquiring Fandom.
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19.
In March 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare as part of a deal for Rs 3900 crore.
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20.
In 2020, TPG Capital joined Diligent Corporation's Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates.
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