TPG: USD185m acquisition financing for PAMEL

Private capital raise

TPG: USD185m acquisition financing for PAMEL

Private capital raise


TPG Global, LLC

Investor group

Lead investor(s):

  • DBS Bank
  • ING Group
  • OCBC Bank

Follow-on investor(s):

  • Facility syndicated with approximately 10 regional and global commercial banks

Transaction summary

Deal value


Transaction highlights

  • First ever LBO transaction in the telecommunications sector in Myanmar
  • Facilities structured to automatically upsize on receipt of Central Bank of Myanmar approval
  • Debt documentation executed concurrently with the signing of the acquisition documents, thereby limiting financing risk and costs



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

Sole financial advisor to TPG on syndication of the acquisition financing

Structured the acquisition facilities to meet transaction requirements and regulatory constraints

Ran a competitive bidding process to achieve competitive commercial terms and borrower friendly covenant package