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Investment Summary

TPG Invests In Union Bank of Colombo

On August 14, 2014, private equity firm TPG invested in financial services company Union Bank of Colombo

Investment Highlights
  • This is TPG’s 18th transaction in the Financial Services sector.
  • This is TPG’s 1st transaction in Sri Lanka.

Investment Summary
Date 2014-08-14
Target Union Bank of Colombo
Sector Financial Services
Investor(s) TPG
Deal Type Stake Purchase

Target

Union Bank of Colombo

Colombo, Sri Lanka
Union Bank of Colombo is a private commercial Bank in Sri Lanka in market capitalization, offering a full range of products and services to personal and commercial financial sectors. Union Bank of Colombo was established in 1995 and is based in Colombo, Sri Lanka.

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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 237 of 451
Sector: Financial Services M&A 18 of 27
Type: Stake Purchase M&A Deals 23 of 37
Country: Sri Lanka M&A 1 of 1
Year: 2014 M&A 13 of 17
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DATE TARGET DEAL TYPE VALUE
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Angie’s Kettle Corn is an outdoor vendor operation selling Angie’s classic Sweet & Salty Kettle Corn recipe. Agie’s lineup of products includes flavors such as Boomchickapop™ Sea Salt, Sweet & Salty, Lightly Sweet, White Cheddar and Caramel & Cheddar Mix, as well as new innovations such as Salted Caramel and Sweet & Spicy Kettle Corn. Angie’s Kettle Corn was formed in 2001 and is based in Mankato, Minnesota.

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