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

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...

To continue reading, please login or register for free

Click for more on: tpg | taishin | block | sale | financial | private | equity | nomura

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...