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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

TPG breaks off talks over stake sale

Posted on 04 February 2009

From Reuters: U.S. private equity firm TPG has broken off talks to sell a stake in itself to investors including Kuwait’s sovereign wealth fund and two California state pension funds, the Financial Times reported.

The FT, citing people familiar with the matter, said the talks had spanned two years and broke down over valuing TPG, which has also given up thoughts of an initial public offering, at least for the time being.. …. Full Article: Source


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