TPG exits China Grand Auto via Haitong sale-Reuters

TPG is exiting its whole investment in car dealership China Grand Automotive Services (CGA) through a sale to Haitong Securities and a third party investor, according to regulatory filings and sources close to the transaction.


Providence to buy stake in RentPath from TPG

Providence Equity Partners has agreed to acquire a stake in RentPath from owner TPG. No financial terms were disclosed. According to terms of the deal, Providence and TPG will own equal shares of RentPath. Moelis was lead financial advisor with support from BofA Merrill Lynch. Headquartered in Norcross, Georgia, RentPath is a search company for apartment and home renters.


TPG invests in CAA

TPG has acquired a majority stake in Los Angeles-based Creative Artists Agency, which represents top entertainment and sports professionals. No financial terms were disclosed. UBS and LionTree Advisors provided financial advice to CAA in the transaction.


TPG-backed Immucor buys Sentilus

Immucor, a portfolio company of TPG, has acquired Sentilus. No financial terms were disclosed. Ropes & Gray advised Immucor on the transaction. Based in Durham, NC, Sentilus is a provider of microarray-based technology used in a variety of in vitro diagnostics areas.


DTZ consortium to acquire Cassidy Turley

Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to sell the business. DTZ is backed by TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan.


Thoratec taps former TPG MD as president and CEO

Thoratec Corp. has named D. Keith Grossman as president and CEO. The appointment is effective immediately. Grossman succeeds Gary F. Burbach, who will remain as an advisor to the company through the first quarter of 2016. Grossman is a former managing director at TPG. Based in Pleasanton, Calif., Thoratec is a provider of therapies that treat advanced-stage heart failure.

chris witkowsky ponders his future

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TPG-backed Envision agrees to buy MedTrak

Envision Pharmaceutical, a portfolio company of TPG, said Wednesday that it has agreed to acquire MedTrak Services. No financial terms were disclosed for the transaction, which is expected to close in the third or fourth quarter of this year. Headquartered in Overland Park, Kansas, MedTrak is a pharmacy benefit management firm.

First read march 11

peHUB First Read

This morning First Read brings you an analysis of firm versus team performance track record, a need to know about due diligence issues, how dividend taxes affect corporate investment and TPG and Carlyle set to raise over $2 bln in Australia Healthscope IPO.

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