WaMu, Wells Fargo and Citigroup declined to comment. A concession by investment firm TPG, which injected $7 billion into WaMu five months ago, may have opened the way to a sale — or, failing that, made it easier for the bank to raise.
Unless otherwise stated, all applicable share and per-share data presented herein have been retroactively adjusted to give effect to this stock split. Prior to our IPO, on January 28, 2008, Caesars was acquired by affiliates of Apollo Global Management, LLC (together with such affiliates, “Apollo”) and affiliates of TPG Capital,
TPG invested in Washington Mutual in April 2008, and the bank went bankrupt six months later. TPG's investment in TXU, with other private equity firms, remains the largest leveraged buyout ever.
Mar 31, 2010. 16 WaMu took $7 billion of TPG Equity Groups' capital with it; TPG is headquartered in San Francisco and. Fort Worth, TX. 17 Hawaii is the only state with higher average home prices. California moved out of the middle of the pack in the late 1960s and passed #3 Connecticut in the 1970s. (US Census data).
Jun 1, 2009. With the acquisitions last year of Bear Stearns and Washington Mutual, Dimon has maintained a careful balance of retail, commercial and investment banking. There is plenty of blame to go. Global. Goldman Sachs Principal Investment Area. North America, TPG. Western Europe, CVC Capital Partners.
Dec 12, 2006. I â€˜m new to these forums and I have been researching the finance industry in general. I was wondering about the Capital Markets, Equity Research, Corporate Bonds, and Corporate departments? What can you tell me about these departments? What division does Capital Markets, Equity Research,
Sep 17, 2008. He denounced Wall Streeters who “dreamed up investment schemes that they themselves don't even understand” and who used “derivatives, credit default. Among these 83 lobbyists are McCain's chief political adviser, Charlie Black (JP Morgan, Washington Mutual Bank, Freddie Mac, Mortgage Bankers.
WaMu is JPMorgan Chase’s second acquisition this year of a major financial institution hobbled by losing bets on mortgages. In March, JPMorgan bought the investment bank Bear. equity investors including the firm TPG Capital,
Jan 17, 2012. TPG Capital. TPG Capital. Company site. Capital Raised: $50.55 billion. Headquarters: Fort Worth and San Francisco. Leadership: David Bonderman, James. Notable deals: J. Crew, Petco, Burger King, SunGuard, Neiman Marcus, Freescale Semi, Harrah's Entertainment, Alltel, TXU, Washington Mutual.
When the co-founders of TPG led a major investment in WaMu, it was a floundering bank, and they assumed the government wouldn't let it fail.
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Goldman, which advised WaMu on the TPG investment, declined to comment through spokeswoman Andrea Rachman. Wells Fargo was looking for acquisitions at "reasonable" prices, chief executive John Stumpf said last week. The bank.
. itself is the fact that private-equity giant TPG, which led a group of investors that pumped $7 billion into WaMu in April, has waived a so-called ratchet provision on its preferred stock investment. The waiver clears a hurdle for a potential.
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WaMu became one of the first retail banks to seek outside cash in the wake of the credit crisis when it agreed to sell equity securities to an investment fund managed by TPG Capital and to other investors this spring, raising $7.2 billion.
In 2008, the foreign reserve watchdog poured $2.5 billion into a fund managed by the US-based private-equity firm TPG and suffered losses after the fund’s subsequent investment in Washington Mutual, the largest US savings-and-loan firm.
TPG Capital (abbrev. for Texas Pacific Group) is an American investment company, it is one of the largest private equity investment firms in the world, focused on.
Washington Mutual – Largest Banking Failure In History Turns Out. – Nov 9, 2010. In April 2008, TPG, a private equity firm and a group of institutional investors invested $7 billion dollars in Washington Mutual, in return for 176 million Washington Mutual common shares. The entire $7 billion dollar investment was lost. Ironically, Washington Mutual, Inc. (WAMUQ.PK) will still have value.
TPG invested in Washington Mutual to the tune of $7 billion at $8.75 per share, a substantial discount at the time to WaMu's stock price of $13.
Under the deal, Washington Mutual will sell 176 million shares of its common stock for $8.75 each and about 55,000 shares of preferred shares to a separate investment vehicle set up by TPG, a private-equity firm. TPG, formerly Texas.
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.partner David "Bondo" Bonderman, known for turning around Continental Airlines, has traditionally adhered to the "bigger is better" model of investing, but In 2008 the firm lost some $1.3 billion when Washington Mutual failed; TPG was part of an investor group that had given WaMu a $7 billion.
The investment would give TPG, formerly Texas Pacific Group, a mix of common and preferred stock, totaling less than 25 percent of WaMu’s outstanding shares, according to the person, who asked not to be named because the deal has.
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TPG invests in companies across a broad range of industries and geographies. December 2008: "WaMu asked shareholders to approve a $7 billion investment by Texas Pacific Group, a private equity firm, and other unnamed investors.