TPG to invest in Poundworld

TPG has agreed to acquire a majority stake in Poundworld Retail Ltd. No financial terms were disclosed. Based in the UK, Poundworld is a value variety retailer.


peHUB First Read

First Read starts your week with news that TPG is planning on buying Cushman & Wakefield for about $2 billion, Uber’s latest funding puts it at a $50 billion valuation and China’s smartphone market slows in the first quarter.


Cushman & Wakefield to merge with DTZ

Cushman & Wakefield and DTZ have agreed to merge. Financial terms weren’t announced. The new real estate services company will have revenues over $5.5 billion, more than 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients, a statement said. DTZ, a Chicago property services firm, is owned by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan.


Infinidat raises $150 mln from TPG at $1.2 bln valuation — Corrected

Infinidat said it raised $150 million in a deal led by TPG Growth that values the company at a post money valuation of $1.2 billion, according to a press release. The round is the company’s second and brings total money raised to $230 million. The enterprise storage vendor will use the money to expand globally and meet customer demand.


TPG reaches $6.5 bln for Fund VII’s first close

TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.

John Doerr shows a flexible solar panel in Stanford

peHUB Second Opinion

In Second Opinion, the NASDAQ hits 5000 for the first time in 15 years, Google confirms plans on becoming a wireless carrier and Kleiner Perkins General Partner John Doerr is expected to testify in the Pao gender discrimination trial.


TPG to acquire Pharmatech from Actavis

TPG has agreed to buy Pharmatech from Actavis plc. No financial terms were disclosed for the transaction that is expected to be completed by the middle of this year. Pharmatech specializes in pharmaceutical R&D and manufacturing.

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