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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