TPG, one of many final of the unique private-equity giants to stay a carefully held partnership, is evaluating a public itemizing, individuals accustomed to the matter mentioned.
The agency is contemplating a simple preliminary public providing and a merger with a special-purpose acquisition firm, with the previous being the most probably route, the individuals mentioned. Such a deal might worth the California-and-Texas agency at about $10 billion, among the individuals mentioned.
The method remains to be in its early phases and TPG could not decide to proceed with any deal.
TPG, with practically $100 billion in property underneath administration, has flirted with an IPO a number of instances, solely to finish up balking whereas rivals solid forward. Blackstone Group Inc., Apollo World Administration Inc., KKR & Co. and Carlyle Group Inc. went public years in the past, remodeling companies which have loved fast development because the business is flooded with property.
“As we have now persistently said, we consider varied strategic options infrequently,” a TPG spokesman mentioned in a press release. “No selections have been made and we have now nothing to announce right now.”