TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.
Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
TPG Capital, the private-equity firm that’s among the investors in struggling power company Energy Future Holdings Corp., plans to seek $1.25 billion for its first dedicated energy fund, according to two people familiar with matter.
TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, has set a $2.65 billion goal for its next global credit-focused fund, according to two people familiar with the situation.
Forest Laboratories Inc., maker of the Alzheimer’s drug Namenda, will buy Aptalis Pharma for $2.9 billion, adding treatments for gastrointestinal ailments and cystic fibrosis. Forest rose the most in at least 34 years.
Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.
Neiman Marcus Inc.’s private-equity backers stand to reap more than a 150 percent profit in the luxury-goods retailer’s $6 billion sale to Ares Management LLC and the Canadian Pension Plan Investment Board, according to two people with knowledge of the matter.