Texas Pacific Group Tops Global Buy-outs with Deals Worth $101 billion
In the process, TPG has beaten Blackstone and Kohlberg Kravis Roberts to become the world's top buy-out group in 2006, with 17 deals at an aggregate value of over $101 billion (FT report). TPG's high profile deals in 2006 include Australia's Qantas airline, Harrah's casino, and Univision, the US's largest Spanish-language broadcaster. Texas Pacific Group has more than $30 billion of capital under management.
The Top 4 Buy-out firms in terms of deal value in 2006:
- Texas Pacific Group - World's No.1 ($101B)
- Blackstone - #1 in U.S. ($93B)
- Bain Capital ($85B)
- KKR - #1 in Europe ($78B)
Global private equity deal activity accounted for nearly 20% of all global mergers and acquisitions this year. The US also regained the No.1 status from Europe as the world's most active private equity market, with $403 billion of announced deals, three times that of 2005.
Private equity deals hit a record $48 billion in the Asia-Pacific region this year, more than four times that of 2005, driven by the pending $8.7 billion buy-out of Qantas, the Australian airline, which, if completed, would become the world’s biggest aviation deal.