Today news
About the same in other media
TPG offers to buy stake in EY: Financial Times
Reading now: 595
US private equity firm TPG Capital has approached EY about buying a stake in the company’s consulting business, The Financial Times reported on its website.
TPG reportedly is offering a mix of debt and equity, the Times also reported. Shares could later be sold in the consulting business in a public listing, the Times said, according to a letter it said it had seen.
The US firm has $US139 billion ($215 billion) worth of assets under management, according to its website.
One person familiar with EY’s internal discussions told the Times: “The expectation is that the organisation will not pursue this expression of interest.”
TPG currently is pursing the acquisition of InvoCare.
Read more on afr.comAbout this in other media
Argentina offers financial aid to crisis-hit workers and pensioners investing.com /1 year ago
Nifty Financial Services index: Is buying a whole basket of these stocks a better option in volatile times? economictimes.indiatimes.com /1 year ago
TPG-backed Morrow Sodali eyes tie-up with US peer ahead of IPO afr.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
