The Texas Pacific Group (commonly referred as "TPG") is a private equity investment firm founded by David Bonderman , James Coulter and William Price in 1993. TPG has offices in Fort Worth, San Francisco and London.
TPG focuses on turnarounds, management-led buyouts and recapitalizations. The firm's industry focuses include media and telecommunications, industrials, technology and health care. The firm is currently investing its fourth fund, TPG Partners IV, L.P., which closed in March 2003 with $5.3 billion in capital commitments.
Recent notable transactions include the LBO of Burger King in July 2002 with Bain Capital and Goldman Sachs Capital Partners, and the acquisition of MGM in 2004 with Sony Corp. and other private equity firms.
TPG proposed to buy Portland General Electric from Enron November 17, 2003. However, concerns about debt, local mistrust, and published documents that indicated TPG would likely maximize short-term profits to the detriment of the utility's customers led to Oregon regulators to deny permission for the purchase March 10, 2005.
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Texas Pacific Group has often been associated with the CIA and its attempts to gain access to foreign technology through buying into smallcap companies.
One notable example is GEMPLUS, a French company which pioneered the chip on a plastic card.
