Investment Summary

TPG Invests In Parkway

On May 3, 2012, private equity firm TPG invested in real estate company Parkway

Investment Highlights
  • This is TPG’s 2nd transaction in the Real Estate sector.
  • This is TPG’s 129th transaction in the United States.
  • This is TPG’s 19th transaction in Texas.
Investment Fate
  • Parkway was sold to a financial buyer in 2017 for 1.2B USD.

Investment Summary

Date 2012-05-03
Target Parkway
Sector Real Estate
Investor(s) TPG
Deal Type PIPE
Advisor(s) Barclays Investment Bank (Financial)
Hogan Lovells
Jaeckle Fleischmann & Mugel LLP
Forman Watkins & Krutz (Legal)

Target

Parkway

Houston, Texas, United States
Parkway is an independent, publicly traded, self-managed real estate investment trust (“REIT”) that owns and operates high-quality office properties located in attractive submarkets. Parkway is based in Houston, Texas.

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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 190 of 453
Sector: Real Estate M&A 2 of 12
Type: PIPE M&A Deals 15 of 16
State: Texas M&A 19 of 36
Country: United States M&A 129 of 299
Year: 2012 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 GoIndustry DoveBid

London, United Kingdom

GoIndustry DoveBid, plc is a global provider of surplus asset management, auction and valuation services.

Sell $31M