Mercatus pulls in $11.7 mln Series B

By Iris Dorbian — 2 weeks ago

San Jose, California-based Mercatus, a provider of energy finance solutions, has secured $11.7 million in Series B funding. by Traverse Venture Partners and TPG led the round with participation from previous backers Vision Ridge Partners, Trepp and Augment Ventures. In conjunction with the funding, Josh Green of Traverse Venture Partners and Mark Gudiksen of TPG have been added to the Mercatus board.

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Jin-Yong Cai joins TPG

By Luisa Beltran — 1 month ago

Jin-Yong Cai has joined TPG as a Partner effective Feb. 1. Cai most recently served as the Executive Vice President and Chief Executive Officer of the International Finance Corp., a member of the World Bank Group.

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Enlink Midstream to buy Tall Oak for $1.55 bln

By Luisa Beltran — 2 months ago

EnLink Midstream Partners LP and EnLink Midstream LLC have agreed to buy Tall Oak Midstream LLC for $1.55 billion. The deal calls for TPG Capital to invest $750 million, a separate statement said. Tall Oak is a midstream company focused on developing and operating crude oil and natural gas gathering, compression, processing, treating, transportation and marketing services to oil and gas producers in the Mid-Continent. Also, Devon Energy Corp. has agreed to acquire Felix Energy LLC for $1.9 billion. Citi provided financial advice to Tall Oak.

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McCarthy & Stone valued at $1.5 bln in London listing: Reuters

By Reuters News — 3 months ago

(Reuters) McCarthy & Stone Plc, Britain’s biggest builder of homes for retired people, said its London debut had been priced at 180 pence per share, valuing the business at 967 million pounds ($1.5 billion). Shares in the company rose 13.5 percent to 204.21 pence in conditional trading on Friday as investors bet on further gains […]

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Winkelried joins TPG as co-CEO

By Luisa Beltran — 4 months ago

TPG said Wednesday that Jon Winkelried was named Co-CEO. Winkelried will work alongside TPG Co-Founder and current CEO Jim Coulter. David Bonderman, who co-founded TPG with Coulter, will continue in his role as Co-Founder and Chairman of TPG. Winkelried previously served as the President and Co-COO of Goldman Sachs. He will assume his role in early November and be based in TPG’s San Francisco office.

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TPG Real Estate Fund II raises over $2 bln

By Luisa Beltran — 4 months ago

TPG Real Estate said Wednesday that its second fund closed with over $2 billion of equity commitments. Investors of TPG Real Estate Partners II include public and private pension funds, sovereign wealth funds, insurance companies, and other institutional investors. TPG Real Estate is the real estate arm of TPG.

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Biondi joins Avaya

By Luisa Beltran — 4 months ago

Avaya said Monday that Steve Biondi has joined as vice president, Global Partner Organization. Biondi most recently held the position of senior vice president and Global Group Executive – ISV and OEM Sales at Oracle. Helping Biondi is a team including: Joe Lohmeier, who recently assumed the role of vice president Worldwide Core Channels; Dino Marasco as vice president Worldwide Service Providers/System Integrator Channels and Nurali Jamani as vice president for Worldwide Distribution. Avaya is a portfolio company of Silver Lake and TPG.

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Tanium racks up $120 mln

By Iris Dorbian — 5 months ago

Emeryville, California-based Tanium, a provider of security and systems management, has raised $120 million in funding. The investors included TPG, Institutional Venture Partners and funds and accounts advised by T. Rowe Price Associates Inc alongside previous backer Andreessen Horowitz.

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FIS to buy SunGard in $9.1 bln deal

By Luisa Beltran — 6 months ago

Fidelity National Information Services Inc (FIS) said Wednesday that it has agreed to buy SunGard in a deal valued at $9.1 billion, including the assumption of debt. Wayne, Pennsylvania-based SunGard is a financial software company with $2.8 billion in annual revenue. Seven private equity firms – Silver Lake, TPG, Bain Capital, KKR, Blackstone Group, Providence Equity Partners and Goldman Sachs’ private equity unit – acquired SunGard in 2005 in a $11.3 billion deal. BofA Merrill Lynch and Centerview Partners LLC acted as financial advisors to FIS. Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays, Deutsche Bank Securities Inc. and Credit Suisse acted as financial advisors to SunGard.

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