TPG toasts exit of Myanmar whisky distillery

The US private equity firm has made a spirited job of its investment in a Yangoon-based, making a clean and profitable sale of the whisky brand to ThaiBev. A fillip for its fund-raising drive.

TPG toasts exit of Myanmar whisky distillery

TPG said on Friday it has sold its stake in the Myanmar Distillery Company MDC to Asia spirits group Thai Beverage for $494.4 million, a home run on its investment at a time when it is raising capital for its next string of deals in the region.

ThaiBev, run by billionaire Charoen Sirivadhanabhakdi, said in a separate statement said it had bought a 75% stake in MDC from TPG and...

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