Texas Pacific Group Tops Global Buy-outs with Deals Worth $101 billion

2006 has been an extraordinary year for private equity, with the value of announced deals hitting a record $700 billion, more than double the record set in 2005 and 20 times bigger than in 1996, according to Thomson Financial data. Texas Pacific Group broke another record this year, to become the first buy-out firm ever to do more than $100 billion worth of deals. 

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:

  1. Texas Pacific Group - World's No.1 ($101B)
  2. Blackstone - #1 in U.S. ($93B)
  3. Bain Capital ($85B)
  4. 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.

 

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