Founded in 1992 and headed by David Bonderman and Jim Coulter, TPG manages one of the world's largest private investment companies, making significant investments in operating companies through acquisitions and restructurings across a broad range of industries throughout the United States, Europe and Asia. The firm currently has more than $35 billion of assets under management, and the portfolio of companies currently controlled by TPG have combined revenues of approximately $110 billion, operate in over 140 countries and employ over 500,000 employees.
Investment Philosophy
The firm's investment philosophy is to create value by identifying opportunities created by industry trends, economic cycles or specific company circumstances. The firm's investments span a variety of industries including energy, industrials, technology, media and telecommunications, financial services, healthcare, travel and retail/consumer.
Management Strategy
TPG also provides creative and intellectual capital, structured for each investment opportunity. A key element of TPG's investment success has been its ability to help management teams build value that benefits all stakeholders. While the firm does not typically become involved in the daily operations of portfolio companies, its wealth of experience, deep industry expertise and large global network of affiliated partners enable the firm to be a vital resource for Energy Future Holdings management, providing strategic, financial and operational guidance.TPG devotes significant resources to adding operating value and cultivating portfolio company management teams, a network of world-class executives and a group of TPG professionals and affiliated professionals dedicated to enhancing the operations of portfolio companies.
Investment History
Some of TPG's best known investments in U.S.-based companies include Burger King, J. Crew, Del Monte, PETCO Animal Supplies, America West Airlines, Hotwire, Beringer Wine Estates, Seagate Technology, Texas Genco, MGM, Neiman Marcus, ON Semiconductor and TXU Corp., now known as Energy Future Holdings Corp.TPG also has an impressive track record overseas. Since making its first European investment in 1995, the firm has grown to become one of the most active private-equity investors in Europe, having executed transactions valued at approximately $28 billion over the past 10 years. Significant transactions include the buyout of Punch Taverns, Spirit Group Limited, Gate Gourmet International, Findexa Limited, Gemplus International S.A., Debenhams Limited, British Vita Unlimited, TIM Hellas Telecommunications S.A., mobilcom AG and Eutelsat S.A. TPG has more than 20 professionals in Europe with local expertise in sourcing and executing transactions.
Similarly, TPG has had a longstanding presence in Asia. TPG entered Asia in 1994 as one of the first private equity firms dedicated to the Asia region. The firm has completed a number of control and minority stakes in such landmark transactions as Hanaro Telecom, Japan Telecom, Korea First Bank, Lenovo, Myer Department Stores, Parkway Holdings, Raffles Hotel Holdings, Shenzhen Development Bank and Shriram Transport.