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.


peHUB First Read

First Read brings you into the week’s homestretch with news McDonald’s CEO has stepped down, Facebook earnings climb on mobile growth but expenses are up 87% and the future of wearables isn’t the connected watch.


peHUB Second Opinion

In Second Opinion, Avon is reportedly in deal talks with TPG, Google wants Firefox users to change their search engine and the number of female partners in VC has dropped by nearly half since 1999.


Invacare names PE vet Monaghan as president and CEO

Invacare Corp. has hired Matthew E. Monaghan as president and CEO. The appointment becomes effective April 1, 2015. Currently, Monaghan is the senior vice president and general manager of Zimmer’s Global Hips business. Before joining Zimmer, Monaghan was an operating executive at TPG and Cerberus Capital. Headquartered in Elyria, Ohio, Invacare is a maker of home and long-term care medical products that promote recovery and active lifestyles.


TPG leads $186 mln round for

Online education firm has raised $186 million in funding. TPG led the round with participation from Accel Partners, Spectrum Equity and Meritech. Allen & Co provided financial advice to on the transaction. Also, the company has added David Trujillo of TPG to its board.

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