The firm’s paper losses on four buy-outs amount to nearly $2.9 billion, the newspaper said in its electronic edition. TPG invested $4.7 billion in the deals, the newspaper said.
The four mega-deals included Energy Future Holdings, the former TXU, as well as Freescale Semiconductor, Harrah’s Entertainment [HAMLEH.UL] and Univision Communications [UVN.UL], the newspaper said.
TPG said in a report to investors it marked down the value of its equity in the former TXU to $758 million from $1.5 billion; in Harrah’s to $759 million from $1.4 billion; in Freescale to $200 million from from $1 billion, and in Univision to $293 million from $837 million, the newspaper reported.
The information was detailed in a report dated May 28 sent to investors in the TPG Partners V fund, the newspaper said.