Tpg

Tessolve, a Hero Electronix venture, raises $150 million from TPG

This marks the largest fundraise for a semiconductor engineering services company in India

GIC, ICICI Bank to join TPG as co-Investors in $1-billion green-energy NBFC

If approved, the platform will be among the first large-scale, privately backed green financing NBFCs in India

TPG joins Asia’s rush for mid-sized buyouts with latest fund

Mega deals have been slow to return in Asia, in part due to subdued activity in China

TPG seals deal to acquire 35% stake in Serum Institute-SCHOTT Pharma JV

On November 28, Moneycontrol was the first to report that billionaire Adar Poonawalla-led Serum Institute had agreed to sell 30-40 percent stake held by the top vaccine maker in SCHOTT Pharma to the US private equity firm.

TPG, others to buy Siemens Gamesa Renewable Power for $500-550 mn: Report

TPG will lead a consortium of investors that includes Murugappa Group’s Vellayan Subbiah and former JSW Group’s senior executive Prashant Jain

TPG said to be in advanced talks to buy Siemens Gamesa India assets

TPG has emerged as the likeliest buyer after outbidding rivals including industry players and private equity firms, the people said, asking not to be identified because the matter is private.

Adar Poonawalla-led Serum Institute in talks with TPG to sell 40% stake in SCHOTT Poonawalla

In August 2021, Serum purchased 50% stake in the JV SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry

Blackstone-TPG owned Care Hospitals in advanced talks for merger with Aster DM Healthcare

The merged entity will rank among the top three hospital chains in India, in terms of number of beds, along with Apollo Hospitals and Manipal Hospitals

Eruditus nears deal to raise $150 million in fresh round led by TPG

The discussions to raise money started sometime last year and the initial plan was just to do a small $50 million secondaries round where some early investors would take an exit. However, Eruditus after achieving a full year of Ebidta profitability decided to kick off a larger round and close it before flipping its base back to India from Singapore, a source told Moneycontrol.

Fractal Analytics may file DRHP next month; eyes $3 billion valuation for IPO

The IPO size is likely to be in the range of $500-600 million and will comprise a large share of secondary share sales by existing investors.

Demerger plan retains flexibility for EV investors' exit: Tata Motors Group CFO

In October 2021, TPG Rise Climate and its co-investor ADQ announced an investment of Rs 7,500 crore in the EV business at a valuation of up to $9.1 billion.

TPG Asia likely to sell entire 5% stake worth Rs 1,000 crore in RR Kabel via block deals

Via the block deals, TPG looks to sell 56.33 lakh shares worth Rs 1,000 crore in the company, which is likely at a 4-5 percent discount.

Exclusive: Tata Motors mulls merger of EV subsidiary with passenger vehicles business after demerger

The move aims to create exit opportunities for EV divisions’ existing and future investors after the company’s demerger, which will create two listed entities.

TPG-backed Sai Life Sciences picks 4 I-banks; to soon kick off Rs 5,000 cr-Rs 5,500 cr IPO

Before switching to the listing route, TPG-backed Sai Life Sciences had explored the sale of a controlling stake in the firm and conducted a sale process, which resulted in Bain Capital emerging as the front-runner in the final leg, according to a January 25 report by Moneycontrol. But talks between both parties did not fructify into a deal

Tech Mahindra acquires Orchid Cybertech Services for $3.2 million

Tech Mahindra emphasized on its long standing relationship with TPG Telecom (TPG). This deal further strengthens the relationship with it and aids in expanding existing customer experience capabilities and business in the Philippines, the IT major said.

Tata Motors to sell 9.9% stake in IPO-bound Tata Technologies for Rs 1,614 crore

TPG, which also invested in Tata Motors’ electric vehicle business, will pick up 9 percent in Tata Technologies while Ratan Tata Endowment Fund will buy rest 0.9 percent.

Denodo to invest part of $336 million fresh funding in India

The US based data management firm has signed a definitive agreement with investment firm TPG Growth to riase $336 million (Rs 2,788 crore) in an equity deal

Three private equity investors in race to buy minority stake in JSW Neo Energy

The JSW Group aims to raise up to $500 million from this stake sale, which will likely be utilised for expanding its presence in renewable energy.

PE firm TPG exits Shriram Finance; sells entire stake for Rs 1,390 crore

TPG through its affiliate — TPG India Investments II Inc — offloaded the shares of non-banking financial company Shriram Finance Ltd in 18 tranches.

Temasek-owned Sheares seals the deal to pick up majority stake in Manipal Hospitals

Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.

Ajay Piramal, TPG weighing exit from Shriram General

Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.