TPG raises $182 million from sale of Taishin Financial shares

The deal is done at a 6.4% discount as the private equity firm sells its 7.8% stake and exits the company.

TPG raises $182 million from sale of Taishin Financial shares
Taipei, Taiwan

Private equity firm TPG has sold its entire stake in Taiwanese lender Taishin Financial, raising $181.5 million. The deal was launched after the Taiwanese market closed on Wednesday and was quickly finalised, a source said yesterday.

The company had one strong anchor investor that took up a good portion of the deal, while the rest was distributed to high-quality investors that were a combination of long-only and well-known international funds, the source said. They were...

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