TPG: Acquisition of PAMEL

Acquisition, leveraged buyout

TPG: Acquisition of PAMEL

Acquisition, leveraged buyout


TPG Global, LLC


Acquisition of Pan Asia Majestic Eagle Ltd (“PAMEL”)

Transaction summary

Deal value


Transaction highlights

  • First ever consolidation transaction in the tower sector in Myanmar, leading to formation of AP Towers Group
  • Solidifies TPG’s position as a leading financial investor in Myanmar and in the TMT space across ASEAN



Client description

  • TPG is a global investment firm headquartered in San Francisco (California) and Fort Worth (Texas)
  • Manages approximately USD84bn in assets from 17 offices around the world

  • Highly diversified investments across regions and sectors (including financials services, consumer/retail, healthcare and TMT)

Redpeak role

Leveraged Redpeak’s excellent relationship with the vendors to agree initial transaction terms and successfully negotiate exclusivity for TPG

Conducted an extensive due diligence on PAMEL, including detailed analysis to assess potential for synergies with Apollo Towers

Assisted TPG with syndication of underwritten senior debt facilities with a consortium of international banks to part finance the acquisition