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TPG says 'no' to B&B rescue

bloggingstocks.com » 2008 » July » 6th » TPG says 'no' to B&B rescue

Tagged: europe, private equity, tpg, moodys, inthenews, bradford and bingley, europe private equity

Filed under: Private equity While there were challenges, it looked like Texas Pacific Group would snag a 23% equity stake in Bradford & Bingley PLC, a UK mortgage company. True, the deal was highly dilutive, but at the same time, B&B has been suffering from the credit crunch. Now, TPG has walked away and instead, a syndicate of investors has rounded up $793 million to bolster B&B. Apparently … Continue Reading »

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