Financial Times FT.com

TPG’s IPO exit is echo of buy-out glory days

By Peter Smith in Sydney

Published: October 29 2009 20:46 | Last updated: October 29 2009 20:46

Myer, the Australian department store group
Profits in store: TPG and Blum Capital accelerated the flotation plans in response to positive market factors

TPG is set to complete one of private equity’s most successful Asian deals on Monday when Myer, the Australian department store group, debuts in Sydney with a market value of A$2.4bn (US$2.2bn).

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