Latest news with #TPGInc.
Economic Times
5 days ago
- Business
- Economic Times
TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report
SK Finance Ltd., the Indian financing company backed by TPG Inc., is likely to begin taking investor orders its initial public offering by as early as next week after reducing the size of the deal, according to people familiar with the matter. ADVERTISEMENT The IPO could fetch about 16 billion rupees ($182 million), down from an earlier planned 22 billion rupees, the people said, asking not to be identified as the information is private. Deliberations are ongoing, and details could still change, they said. Representatives for SK Finance, which isn't affiliated with South Korea's SK Group, didn't respond to requests for comments. The company filed its draft IPO prospectus in May last year and, in August 2024, received regulatory approval, which is valid for 12 on that filing, the offering would involve new shares valued at as much as to 5 billion rupees and as much as 17 billion rupees of existing shares sold by shareholders, including TPG and Norwest Venture Partners. The company plans to use the proceeds for future business needs such as lending and general corporate Mahindra Capital Co., Jefferies Financial Group Inc., Motilal Oswal Investment Advisors, and Nomura Holdings Inc. are acting as book-running lead managers for the deal. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report
SK Finance Ltd., the Indian financing company backed by TPG Inc., is likely to begin taking investor orders its initial public offering by as early as next week after reducing the size of the deal, according to people familiar with the matter. The IPO could fetch about 16 billion rupees ($182 million), down from an earlier planned 22 billion rupees, the people said, asking not to be identified as the information is private. Deliberations are ongoing, and details could still change, they said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo Representatives for SK Finance, which isn't affiliated with South Korea's SK Group, didn't respond to requests for comments. The company filed its draft IPO prospectus in May last year and, in August 2024, received regulatory approval, which is valid for 12 months. Based on that filing, the offering would involve new shares valued at as much as to 5 billion rupees and as much as 17 billion rupees of existing shares sold by shareholders, including TPG and Norwest Venture Partners. The company plans to use the proceeds for future business needs such as lending and general corporate purposes. Live Events Kotak Mahindra Capital Co., Jefferies Financial Group Inc., Motilal Oswal Investment Advisors, and Nomura Holdings Inc. are acting as book-running lead managers for the deal.
Yahoo
28-05-2025
- Business
- Yahoo
Blackstone (NYSE:BX) and TPG Eye US$16 Billion Hologic Buyout in Rejected Offer
Recent rumors of a $16 billion acquisition deal between private equity firms TPG Inc. and Blackstone for Hologic, Inc. have sparked significant interest in the medical technology sector. Over the past month, Blackstone's stock recorded a moderate 5% increase, likely reflecting market reactions to these discussions as well as other strategic moves, such as their offer for Statkraft India and talks to acquire TXNM Energy. These activities, combined with the market's general movements and its subtle rise of about 0.7% for the year, suggest that these developments may have added positive momentum to Blackstone's performance. We've identified 3 risks with Blackstone (at least 1 which is potentially serious) and understanding the impact should be part of your investment process. Uncover 17 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The potential acquisition of Hologic by TPG and Blackstone could significantly influence the medical technology sector by expanding Blackstone's footprint into new areas. This move comes amid Blackstone's total shareholder return of 186.60% over the last five years, showcasing a strong historical performance. However, in contrast, the company's one-year performance lagged behind the US Capital Markets industry, which rose by 26.2% compared to Blackstone's return over the same period. This prospective acquisition may impact Blackstone's revenue and earnings forecasts. The company's infrastructure and private wealth sectors are experiencing rapid growth, but this expansion might introduce operational inefficiencies that hamper future earnings. Current discussions have nudged Blackstone's share price higher by 5% in the short term, yet it still stands at US$137.36, slightly below the consensus price target of US$147.30 and very close to the more bearish analyst target of US$138.17. This suggests market caution around the potential updates in financial projections and the sustainability of its growth strategy. Investors should consider these factors when evaluating Blackstone's long-term value proposition. Unlock comprehensive insights into our analysis of Blackstone stock in this financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:BX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Time of India
29-04-2025
- Business
- Time of India
Tata Technologies shares in focus as TPG plans to sell 3.89% stake via bulk deal
ETtech TPG Rise Climate, an entity linked to US private equity firm TPG Inc., is likely to offload around 15.86 million shares in a price range of Rs 670 to Rs 699, offering a discount of up to 5% to the current market price, sources told NDTV Profit.
Bloomberg
16-04-2025
- Business
- Bloomberg
TPG Hires EQT Infrastructure Partner Juan Diego Vargas
TPG Inc. has hired EQT AB partner Juan Diego 'JD' Vargas, according to people with knowledge of the matter. Vargas is set to join the alternative asset manager as a partner in the second half of this year after a period of gardening leave, said some of the people, all of whom asked not to be identified discussing private information. He's set to join TPG's Rise Climate Transition Infrastructure team, the people said.
