Investment Summary

TPG Invests In One Network Rural Bank

On June 20, 2016, private equity firm TPG invested in financial services company One Network Rural Bank from BDO Unibank

Investment Highlights
  • This is TPG’s 19th transaction in the Financial Services sector.
  • This is TPG’s 2nd transaction in Philippines.

Investment Summary

Date 2016-06-20
Target One Network Rural Bank
Sector Financial Services
Investor(s) TPG
Sellers(s) BDO Unibank
Deal Type Stake Purchase

Target

One Network Rural Bank

Davao, Philippines
One Network Rural Bank, Inc. operates as a rural bank subsidiary of BDO, with more than 100 branches and offices.

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Investor(S) 1

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 263 of 451
Sector: Financial Services M&A 19 of 27
Type: Stake Purchase M&A Deals 27 of 37
Country: Philippines M&A 2 of 2
Year: 2016 M&A 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Albireo

Boston, Massachusetts, United States

Albireo is a rare disease company focused on the development of novel bile acid modulators to treat pediatric and adult liver diseases. Albireo’s lead product, Bylvay, was approved by the U.S. FDA as the first drug for the treatment of pruritus in all types of progressive familial intrahepatic cholestasis (PFIC), and in Europe for the treatment of PFIC. Bylvay is also being developed to treat other rare pediatric cholestatic liver diseases with a completed Phase III trial in ALGS, an ongoing Phase III study in biliary atresia, as well as Open-label Extension (OLE) studies for PFIC and ALGS. The company has also completed a Phase I clinical trial for A3907 to advance development in adult cholestatic liver disease, with IND-enabling studies progressing with A2342 for viral and cholestatic liver disease. Albireo was spun out from AstraZeneca in 2008 and is headquartered in Boston, Massachusetts, with its key operating subsidiary in Gothenburg, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Progyny

New York, New York, United States

Progyny provides fertility patients with access to high-quality doctors who offer transparent pricing options, clinical expertise, and proprietary clinical solutions. Progyny was incorporated in 2008 and is headquartered in New York, New York.

Buy -

Seller(S) 1

SELLER

BDO Unibank

Makati City, Philippines

Category Company
Founded 1967
Sector Financial Services
DESCRIPTION

BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services. BDO has one of the largest distribution networks, with more than 800 operating branches and over 2,300 ATMs nationwide. It also has a branch in Hong Kong as well as 13 overseas remittance and representative offices in Asia, Europe, North America and the Middle East. BDO ranked as the largest bank in terms of total assets, loans, deposits, capital and trust funds under management based on published statements of condition as of March 31, 2014.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-08 The Real Bank

Quezon City, Philippines

The Real Bank (A Thrift Bank), Inc. provides banking services. Real Bank has a deposit base of P7.2Bn and 24 branches operating in Metro Manila and Luzon.

Buy -