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Marcel Carroll 2021-05-11
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That would be a discount from Vice's $5.7 billion valuation four years ago when it secured a $450 million infusion from TPG Capital.
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Wayne Strickland 2020-10-07
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It comes shortly after the company secured US$1 billion from Singapore sovereign wealth fund GIC and global private equity firm TPG Capital.
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Mary Condie 2018-03-23
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Hundreds of jobs are to be axed at Prezzo after the restaurant chain agreed a restructuring plan that will see nearly 100 sites close.

The company, owned by private equity firm TPG Capital, secured the backing of creditors for Company Voluntary Arrangement (CVA) on Friday, which will allow the Italian-themed chain to exit unprofitable branches and secure rent reductions.

A total of 94 of Prezzo’s 300 outlets will close, with around 500 jobs understood to be in the firing line, although many staff will be redeployed at other restaurants.

Prezzo, which worked with AlixPartners on the restructuring, employs 4,500 people.

The news comes at a bleak time for the high street and the casual dining sector in particular.

This year has also seen burger chain Byron and Jamie’s Italian undertake CVAs as they come under increasing pressure from rising costs and falling consumer confidence.

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Ryan Pak 2021-04-06
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Shriram Properties plans to give partial exits to its four existing investors — TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital — which hold around 58% stake in the company
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Angela Skipper 2017-04-04
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Intel has followed through on its plan to rid itself of Intel Security, which is to revert back to its McAfee brand in a deal with private equity outfit TPG Capital.

Founded by the notorious John McAfee, who is to be the subject of an upcoming biopic focusing on his flight from Belize under suspicion of the murder of his neighbour and subsequent deportation back to the US to front various security-related hardware projects and make a bid for the US Presidency, McAfee was acquired by Intel back in 2010 in a deal valued at $7.69 billion.

Whatever Intel's plans for the company had been, though, they didn't pan out: six years later Intel began looking for an exit, and now it has one in the form of a deal with TPG Capital.

Under the terms of the deal, the business division formerly known as Intel Security will become an independent entity once again and revert to its former McAfee branding - though John McAfee remains entirely disconnected from the company, having sold his entire stake some considerable time ago.

The reborn McAfee will be, at least initially, jointly owned by Intel and TPG Capital with the former taking the minority 49 percent share the latter a controlling 51 percent.

Neo McAfee is to be run by Christopher Young, the company has confirmed.

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Johnny Huff 2021-05-04
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The family-owned firm turned down the offer by a consortium of private equity firm TPG Capital, Abu Dhabi’s ADQ and Saudi Arabia’s Public Investment Fund ( PIF) following differences over valuation, few days ahead of the deadline sometime in October last year
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Justin Cornell 2016-06-07
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The U.S. carrier is putting in its offer during a second round of bidding due Monday, the newspaper reported without citing named sources.

LiPo Ching/Bay Area News Group

While Yahoo still boasts about 1 billion users, putting it among the largest online players in the world, it has serious challenges.

It has been losing ground in digital advertising to rivals such as Facebook, Google and Twitter.

Chief Executive Officer Marissa Mayer started a review of the company's options in February after pressure from investors and a failed turnaround.

Last month, Chief Financial Officer Ken Goldman said Yahoo's strategic review to sell its core business was going well and "well along the way."

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Bidders have included TPG, Verizon, YP Holdings and a consortium led by Bain Capital and Vista Equity Partners, people familiar with the matter have said.

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Mark Alexander 2018-09-19
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Livspace – an ecommerce marketplace for home decor – has just banked US$70 million in a series C funding round co-led by Goldman Sachs and TPG Growth.

Livspace describes its platform as a “three-sided marketplace.” It helps customers to select and buy furniture and other decor from vendors, using proprietary “design to installation” tech.

Called Canvas, the tech matches products to customers’ preferences and the spaces they are looking to decorate.

It also connects users to its curated community of 25,000 interior designers, furniture makers, and home renovation experts, who can work with them to realize their design vision.

Much of this network was onboarded as a result of Livspace’s acquisitions of competitors DezignUp and Dwll.in during the first half of 2015.

Though based in Singapore, Livspace is focused on serving the Indian market.

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0
Gladys Wiggins 2021-03-17
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Proceeds of the fundraise will be used to support the company's fuel-hedging deals and general working expenses, among others.
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0
Robert Drummond 2021-06-30
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Fourth Partner Energy is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu. The new funds will be raised for business expansion in domestic and international market
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1
James Taylor 2016-09-07
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Intel is selling off a majority stake in its security software arm – formerly known as McAfee – to private equity firm TPG, which will rename itself to, er, McAfee.

Chipzilla absorbed McAfee Inc in 2010 for $7.68bn, and in 2014 it phased out the McAfee brand name.

According to Intel, that software division is today valued at just $4.2bn including debt.

When the transaction completes, the processor giant will get $3.1bn in cash and retain a 49 per cent in the spun-off McAfee, while TPG gets majority control and promises a $1.1bn equity investment for future operations.

"Security remains important in everything we do at Intel, and going forward we will continue to integrate industry-leading security and privacy capabilities in our products from the cloud to billions of smart, connected computing devices," said Brian Krzanich, CEO of Intel.

"As we collaborate with TPG to establish McAfee as an independent company, we will also share in the future success of the business and in the market demand for top-flight security solutions, creating long-term value for McAfee's customers, partners, employees and Intel's shareholders."

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Cornell Lopez 2018-12-18
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“We see great opportunity for McAfee to continue to advance and innovate”

Private equity house Thoma Bravo is reported to be in talks with McAfee owners Intel and TPG Capital to buy the cybersecurity firm.

The firm, which manages some £30 billion, already has a minority interest in McAfee.

Intel bought California-based McAfee in 2011 for $7.7 billion.

(Thoma Brava has a minority share in the company through an April 2017 agreement with TPG.)

Sources told Reuters that the talks were in their early stages.

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0
Danny Knackstedt 2017-02-23
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The continued bleeding will likely put more pressure on parent The Wharf Holdings to speed up its divestment of i-Cable, after its Wharf T subsidiary was sold last year.

There may still be interest in i-Cable because it has content on its books, just like TVB, Alfred Lau, an analyst at Bocom International, told the South China Morning Post.

The pay-television business of i-Cable is run by subsidiary Hong Kong Cable Television, which produces more than 10,000 hours of programming each year.

Net losses for i-Cable widened to HK$313 million last year, from HK$233 million in 2015, on the back of a weak advertising market and harsh competition in Hong Kong, according to its regulatory filing.

Its shares fell 2.15 per cent to 91 Hong Kong cents on Thursday, their lowest close since reaching 90 cents on January 18.

Recurrent losses have significantly weakened the liquidity position and increased the dependency on external financing, currently short term in tenor, i-Cable said in its filing.

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0
Jerry Smith 2016-09-02
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No comment from HPE amid another report it is to sell its software division, including Autonomy

Hewlett Packard Enterprise HPE is reported to be in talks to sell off its software division, as the shakeup of the recently split firm continues.

The speculation comes after HPE confirmed in May that it spinning off its IT services business to Virginia-based CSC.

HPE is said to be in talks to sell its software unit to buyout firm Thoma Bravo LLC for a sum in the region between $8 billion £6.03bn and $10 billion £7.54bn .

This is according to Reuters, which quoted people familiar with the matter.

In early July Bloomberg reported that HPE was ready sell off some of its software assets in an effort to make HPE become more agile.

collect
0
Alex Blair 2021-05-13
img
Existing investors TPG Growth, Norwest Venture Partners and Evolvence, along with promoter Rajendra Setia, invested as part of this round
collect
0
Steven Condon 2016-09-08
img

Intel to retain a 49% stake.

Intel is selling a majority stake in its security unit McAfee to private-equity firm TPG.

The deal, which will see the company valued at $4.2bn including debt, will see TPG acquire a 51% stake.

Reports surfaced last week that TPG and Intel were in early talks regarding the acquisition of the security unit that Intel acquired for $7.7bn in 2011.

The deal marks a significant loss for the chipmaker but given that it will still hold 49% of McAfee it could still be hoping for its fortunes to be turned around.

The company had become known as Intel Security, however, it will now revert back to its original name McAfee.

collect
0
Marcel Carroll 2021-05-11
img
That would be a discount from Vice's $5.7 billion valuation four years ago when it secured a $450 million infusion from TPG Capital.
Mary Condie 2018-03-23
img

Hundreds of jobs are to be axed at Prezzo after the restaurant chain agreed a restructuring plan that will see nearly 100 sites close.

The company, owned by private equity firm TPG Capital, secured the backing of creditors for Company Voluntary Arrangement (CVA) on Friday, which will allow the Italian-themed chain to exit unprofitable branches and secure rent reductions.

A total of 94 of Prezzo’s 300 outlets will close, with around 500 jobs understood to be in the firing line, although many staff will be redeployed at other restaurants.

Prezzo, which worked with AlixPartners on the restructuring, employs 4,500 people.

The news comes at a bleak time for the high street and the casual dining sector in particular.

This year has also seen burger chain Byron and Jamie’s Italian undertake CVAs as they come under increasing pressure from rising costs and falling consumer confidence.

Angela Skipper 2017-04-04
img

Intel has followed through on its plan to rid itself of Intel Security, which is to revert back to its McAfee brand in a deal with private equity outfit TPG Capital.

Founded by the notorious John McAfee, who is to be the subject of an upcoming biopic focusing on his flight from Belize under suspicion of the murder of his neighbour and subsequent deportation back to the US to front various security-related hardware projects and make a bid for the US Presidency, McAfee was acquired by Intel back in 2010 in a deal valued at $7.69 billion.

Whatever Intel's plans for the company had been, though, they didn't pan out: six years later Intel began looking for an exit, and now it has one in the form of a deal with TPG Capital.

Under the terms of the deal, the business division formerly known as Intel Security will become an independent entity once again and revert to its former McAfee branding - though John McAfee remains entirely disconnected from the company, having sold his entire stake some considerable time ago.

The reborn McAfee will be, at least initially, jointly owned by Intel and TPG Capital with the former taking the minority 49 percent share the latter a controlling 51 percent.

Neo McAfee is to be run by Christopher Young, the company has confirmed.

Justin Cornell 2016-06-07
img

The U.S. carrier is putting in its offer during a second round of bidding due Monday, the newspaper reported without citing named sources.

LiPo Ching/Bay Area News Group

While Yahoo still boasts about 1 billion users, putting it among the largest online players in the world, it has serious challenges.

It has been losing ground in digital advertising to rivals such as Facebook, Google and Twitter.

Chief Executive Officer Marissa Mayer started a review of the company's options in February after pressure from investors and a failed turnaround.

Last month, Chief Financial Officer Ken Goldman said Yahoo's strategic review to sell its core business was going well and "well along the way."

Advertisement

Bidders have included TPG, Verizon, YP Holdings and a consortium led by Bain Capital and Vista Equity Partners, people familiar with the matter have said.

Gladys Wiggins 2021-03-17
img
Proceeds of the fundraise will be used to support the company's fuel-hedging deals and general working expenses, among others.
James Taylor 2016-09-07
img

Intel is selling off a majority stake in its security software arm – formerly known as McAfee – to private equity firm TPG, which will rename itself to, er, McAfee.

Chipzilla absorbed McAfee Inc in 2010 for $7.68bn, and in 2014 it phased out the McAfee brand name.

According to Intel, that software division is today valued at just $4.2bn including debt.

When the transaction completes, the processor giant will get $3.1bn in cash and retain a 49 per cent in the spun-off McAfee, while TPG gets majority control and promises a $1.1bn equity investment for future operations.

"Security remains important in everything we do at Intel, and going forward we will continue to integrate industry-leading security and privacy capabilities in our products from the cloud to billions of smart, connected computing devices," said Brian Krzanich, CEO of Intel.

"As we collaborate with TPG to establish McAfee as an independent company, we will also share in the future success of the business and in the market demand for top-flight security solutions, creating long-term value for McAfee's customers, partners, employees and Intel's shareholders."

Danny Knackstedt 2017-02-23
img

The continued bleeding will likely put more pressure on parent The Wharf Holdings to speed up its divestment of i-Cable, after its Wharf T subsidiary was sold last year.

There may still be interest in i-Cable because it has content on its books, just like TVB, Alfred Lau, an analyst at Bocom International, told the South China Morning Post.

The pay-television business of i-Cable is run by subsidiary Hong Kong Cable Television, which produces more than 10,000 hours of programming each year.

Net losses for i-Cable widened to HK$313 million last year, from HK$233 million in 2015, on the back of a weak advertising market and harsh competition in Hong Kong, according to its regulatory filing.

Its shares fell 2.15 per cent to 91 Hong Kong cents on Thursday, their lowest close since reaching 90 cents on January 18.

Recurrent losses have significantly weakened the liquidity position and increased the dependency on external financing, currently short term in tenor, i-Cable said in its filing.

Alex Blair 2021-05-13
img
Existing investors TPG Growth, Norwest Venture Partners and Evolvence, along with promoter Rajendra Setia, invested as part of this round
Wayne Strickland 2020-10-07
img
It comes shortly after the company secured US$1 billion from Singapore sovereign wealth fund GIC and global private equity firm TPG Capital.
Ryan Pak 2021-04-06
img
Shriram Properties plans to give partial exits to its four existing investors — TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital — which hold around 58% stake in the company
Johnny Huff 2021-05-04
img
The family-owned firm turned down the offer by a consortium of private equity firm TPG Capital, Abu Dhabi’s ADQ and Saudi Arabia’s Public Investment Fund ( PIF) following differences over valuation, few days ahead of the deadline sometime in October last year
Mark Alexander 2018-09-19
img

Livspace – an ecommerce marketplace for home decor – has just banked US$70 million in a series C funding round co-led by Goldman Sachs and TPG Growth.

Livspace describes its platform as a “three-sided marketplace.” It helps customers to select and buy furniture and other decor from vendors, using proprietary “design to installation” tech.

Called Canvas, the tech matches products to customers’ preferences and the spaces they are looking to decorate.

It also connects users to its curated community of 25,000 interior designers, furniture makers, and home renovation experts, who can work with them to realize their design vision.

Much of this network was onboarded as a result of Livspace’s acquisitions of competitors DezignUp and Dwll.in during the first half of 2015.

Though based in Singapore, Livspace is focused on serving the Indian market.

Robert Drummond 2021-06-30
img
Fourth Partner Energy is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu. The new funds will be raised for business expansion in domestic and international market
Cornell Lopez 2018-12-18
img

“We see great opportunity for McAfee to continue to advance and innovate”

Private equity house Thoma Bravo is reported to be in talks with McAfee owners Intel and TPG Capital to buy the cybersecurity firm.

The firm, which manages some £30 billion, already has a minority interest in McAfee.

Intel bought California-based McAfee in 2011 for $7.7 billion.

(Thoma Brava has a minority share in the company through an April 2017 agreement with TPG.)

Sources told Reuters that the talks were in their early stages.

Jerry Smith 2016-09-02
img

No comment from HPE amid another report it is to sell its software division, including Autonomy

Hewlett Packard Enterprise HPE is reported to be in talks to sell off its software division, as the shakeup of the recently split firm continues.

The speculation comes after HPE confirmed in May that it spinning off its IT services business to Virginia-based CSC.

HPE is said to be in talks to sell its software unit to buyout firm Thoma Bravo LLC for a sum in the region between $8 billion £6.03bn and $10 billion £7.54bn .

This is according to Reuters, which quoted people familiar with the matter.

In early July Bloomberg reported that HPE was ready sell off some of its software assets in an effort to make HPE become more agile.

Steven Condon 2016-09-08
img

Intel to retain a 49% stake.

Intel is selling a majority stake in its security unit McAfee to private-equity firm TPG.

The deal, which will see the company valued at $4.2bn including debt, will see TPG acquire a 51% stake.

Reports surfaced last week that TPG and Intel were in early talks regarding the acquisition of the security unit that Intel acquired for $7.7bn in 2011.

The deal marks a significant loss for the chipmaker but given that it will still hold 49% of McAfee it could still be hoping for its fortunes to be turned around.

The company had become known as Intel Security, however, it will now revert back to its original name McAfee.