TPG Capital’s decision to scrap its £179m capital injection into Bradford & Bingley is likely to make life harder for the US buy-out group the next time it comes to the UK fishing for a deal – especially in financial services.
Supporters of TPG were thin on the ground yesterday after B&B’s shareholders were forced to plug the gap in the mortgage bank’s finances created when TPG pulled a proposed capital injection three working days before scheduled completion.
