TPG To Sell Stake in NIS Group

TPG plans to exit around 32% of its its 43.4% stake in NIS Group, an Asian lender the firm invested in for $288 million earlier this year. The firm will sell its stake to reduce its voting rights to 8.5%.


NIS GROUP CO., LTD. announced that there were some change in its shareholding structure, on December 25, 2008. The Company’s top shareholder, TPG Izumi, L.P., will become the Company’s seventh major shareholder, with 6.29% voting rights (15,081,100 shares), down from 30.83% (73,880,000 shares).