TPG Keen To Acquire Promoter's Stake in Vishal Retail
TPG is interested in acquiring majority stake in debt ridden Vishal Retail as the company has gone in fro CDR. TPG is ready to pay about $53 Mn for the promoter's 63% stake in the company, valuing the retailer at $84.13 Mn.
It was reported on DealCurry yesterday that the company might opt for a stake sale as it looks to pay off its Rs 730 Cr debt.
TPG Capital - formerly known as Texas Capital Group was founded in 1992. It's area of focus include consumer/retail, media and telecommunications, industrials, technology, travel/leisure, and health care.
TPGs Investment in India
| Date | Target | Size ($ Mn) |
| May'09 | Indiabulls Real Estate Ltd | 200.00 |
| Sept'08 | Shriram Retail Holdings Pvt Ltd | 147.00 |
| May'08 | Shriram City Union Finance Ltd | 22.39 |
| Sept'05 | Shriram Holdings (Madras) Pvt. Ltd. | - |
| Feb'04 | Matrix Laboratories Ltd | 74.00 |
Source: BS
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| 1 | October 23, 2010 12:59 PM |
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