Client
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TPG Global, LLC
(“TPG”)
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
USD185m
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
Completion
Aug-18
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
