Franklin Templeton Investments’ venture in Vietnam said the time is right for buyout firms to invest in the country as it expects monetary and fiscal reforms to take effect over the next three to five years.
Lixil Corp., a Japanese toilet maker, is in advanced talks to buy German bathroom-fixtures company Grohe Group for more than 3 billion euros ($4 billion), according to people with knowledge of the matter.
TPG Capital, the private-equity firm run by David Bonderman and James Coulter, raised $2 billion for its latest growth-equity fund as the world’s largest buyout firms look beyond big corporate takeovers.
About two years after TPG Capital expanded into real estate, the firm started by David Bonderman and James Coulter has invested more than $2 billion of equity in properties including California malls, a homebuilder, Florida apartments and office buildings in the U.S. and London.
TPG Capital, the private-equity firm started by David Bonderman and James Coulter, is reducing the proportion of employees focused on European leveraged buyouts while adding to its real estate and distressed units, three people with knowledge of the matter said.
Sears Holdings Corp. and Urban Outfitters Inc . are weighing rival bids for clothing retailer J. Crew Group Inc. in a potential challenge to TPG Capital and Leonard Green & Partners LP’s $3 billion buyout, said three people with knowledge of the matter.