TPG, one of the long-term private-equity firms still in a closely held partnership, is assessing a public listing.
- The private equity company is considering an initial public offering and merger with a special-purpose acquisition firm. The deal valued the company at an estimated $10 billion.
- In anticipation of the upcoming public listing, TPG has taken steps in the past few months, appointing Jon Winkelried as the sole CEO.
- Close rivals Blackstone Group Inc, Apollo Global Management Inc, and Carlyle Group Inc went public in the past years, changing businesses that benefited from rapid growth in the industry.
- In 2007, TPG enjoyed successful growth after investing in companies with rapid growth profiles, including Airbnb Inc and Uber Technologies Inc.
TPG, with assets valued at $100 billion under management, has tried to launch an IPO on numerous occasions. The main business lines of TPG are private equity, investment in fast-growing firms, real estate, and public equity investments.
Source: The Wall Street Journal.