BNET Industries
Last Fiscal Year Sales:$7.4M
- Private
- US
Dow Jones Description
TPG is a leading global private investment firm with over $30 billion of capital under management. We manage a family of funds including private equity, venture capital and public equity and debt investing. Since the firm's founding in 1992, our investment philosophy has been to create value by investing in change - change created by industry trends, economic cycles or specific company circumstances. Our tradition of providing unique investment insight and value-added operating capabilities to companies undergoing change, as well as our comfort in dealing with complexity and distressed companies, differentiates us from many traditional private investment firms. We provide creative capital, structured for each investment opportunity. While we do not seek to become involved in the daily operations of our portfolio companies, our wealth of experience, deep industry expertise and large global network of affiliated partners position us as a vital resource from which management can draw strategic, financial and operational guidance. TPG invests in companies across a broad range of industries and geographies. Our goal is to help management teams build long-term value that benefits all stakeholders. We structure our private equity investments based on each company?s circumstances and generally seek to invest in established businesses requiring equity capital between $100 million and $750 million.
PresidentTom Reinhart
Number of Employees 53
Contact Information
301 Commerce Street
Suite 3300
Fort Worth, Texas 76102-4140
817.871.4000
Peer Companies
NAICS Code Other Financial Vehicles: 525990
Recent Events
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TPG changes Daphne deal to convertible debt
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BankUnited Bid Seen As Major Test For Private Equity
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Archive Layoffs, closures will cost WaMu more than $140 million
News & Analysis
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texas pacific group - All News and Analysis
Australian ports firm reports $2.7 bln takeover bid
- 2008-08-04
SYDNEY AFP — Australia's biggest ports and rail operator Asciano Group on Monday rejected a 2.9 billion Australian (2.7 billion US) dollar takeover bid, saying it undervalued the company. The joint bid by TPG Capital and Global Infrastructure Partners offered 4.40 dollars cash per security or a scrip alternative...
Private equity firms Blackstone and TPG circle troubled Paragon
- 2008-07-23
PARAGON Group of Companies has become the focus of a potential private-equity bidding war with Blackstone leading the pack, while TPG, which pulled its proposed investment in Bradford & Bingley (B&B) last month, is also understood to have taken an interest. The beleaguered buy-to-let-mortgage supplier Paragon revealed yesterday...
Texas Pacific proves a man of straw as magnificent four ride to the
- 2008-07-05
Outlook Believe it or not, there are some positives to be drawn from the debacle that is Bradford & Bingley. One is that despite the lily- livered behaviour of Texas Pacific Group, an alternative recapitalisation on almost exactly the same terms has been quickly put in place in...
TPG ends plan to invest in British bank Bradford & Bingley
- 2008-07-04
LONDON AFP — Bradford & Bingley said on Friday that US investment group TPG Capital had pulled out of an agreement to buy about one quarter of the struggling British bank. B&B had agreed earlier this month to sell a 23-percent stake to TPG Capital for 179 million pounds...
Kent digs in but it's mud in the eye for Bradford & Bingley's
- 2008-06-29
Rod Kent, pack your bags - your time as chairman of Bradford & Bingley is up. Or at least it should be. Is it mere coincidence that that he has presided over not one but two bungled takeover processes this year, twice depriving long- suffering shareholders of value?...
Cowdery backs out of Bradford & Bungling farce amid bitter
- 2008-06-28
OUTLOOK Salvation denied. There was Clive Cowdery, entrepreneur and value- creator extraordinaire, standing at the door with a barrow-full of money and the massed ranks of adoring investors arrayed behind him, and what do those incompetents at Bradford & Bingley and Goldman Sachs do? They send him away....
Resolution's Cowdery has a neat solution for Bradford & Bingley, but
- 2008-06-24
OUTLOOK It won't be just Texas Pacific that is cursing Clive Cowdery's intervention in the Bradford & Bingley recapitalisation. The Bank of England and Financial Services Authority will be none too happy about it either. Texas Pacific may be anathema to many of B&B's leading shareholders,...
Resolution moves to seize control of Bradford & Bingley
- 2008-06-24
Resolution launched a dramatic bid last night to gatecrash the financial restructuring package announced this month by Bradford & Bingley, with a deal that would see it take control of the mortgage lender. The financial services company is representing a group of B&B investors that would in effect...
Bradford & Bingley: the sleepwalk towards the abyss
- 2008-06-08
The bank bought US mortgages when everyone else was running away. It refused to sell a stake and then relented. It denied it needed a rights issue and then announced one anyway. What now? asks Simon Evans Nearly three months ago, when the rumour mill was in overdrive...
It might be five years before the housing market recovers.
- 2008-06-05
OUTLOOK Banks, I wrote earlier this week, are the new dotcoms, in the sense that the meltdown in their share prices has already qualified some of them for the "90 per cent club", the term invented at the time of the technology bust to describe companies that had...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Tom Reinhart | President |
| Jim O'Brien | Co-CFO |
| John Viola | Co-CFO |
| Blair Lacorte | Operating Partner |
| David Bonderman | Principal & Founding Partner |
| James G. Coulter | Managing Partner |
| Jonathan J. Coslet | Senior Partner |
| Jun Tsusaka | Partner |
| Philippe Costeletos | Partner |
| William S. Price | Managing Partner |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Gregory V Stento | Board Advisor |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | President | Current |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Co-CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Co-CFO | Current |
Blair LaCorte is Savi Technology's Executive Vice President of Business Development and Marketing. Previously, he served as VerticalNet's Senior Vice President of Strategy and E-Commerce and was a member of the team that took the company public in 1999. Prior to that he was the President of Internet Technology Group and Senior Vice President of Partnerships at CADIS Inc., a software company specializing in electronic commerce and procurement in business-to-business markets. CADIS was purchased by Aspect Development. Blair held various executive positions at Autodesk, where he founded three divisions, the last of which was Autodesk Data Publishing, an electronic business-to-business publisher of engineering graphics for design and procurement. ADP was purchased by Thomas Publishing. Prior to his employment with Autodesk, Blair was Manager of Worldwide Strategy and Market Planning for Sun Microsystems, and prior to that was a Senior Consultant at Gemini Consulting specializing in process engineering.
| Organization | Position | Status |
|---|---|---|
| Graduate Business Foundation | Executive Director of the Strategic Council on Security Technology (Scst) | Current |
| TPG Ventures | Operating Partner | Current |
| Texas Pacific Group, LLC | Operating Partner | Current |
| Graduate Business Foundation | Board of Directors | Current |
| Et Water Systems, LLC | Board of Directors | Current |
| Stellaris Inc. | Board of Directors | Current |
| Internet Technology Group, Inc | President | Former |
| Savi Technology, Inc. | Executive Vice President of Business Development | Former |
| Cadis | Senior Vice President | Former |
| Verticalnet, Inc. | Senior Vice President | Former |
| Grand Isle Shipyard Inc. | General Manager | Former |
| Sun Microsystems, Inc. | Manager of Worldwide Strategy and Planning | Former |
| Autodesk, Inc. | Genral Manager | Former |
| Gemini Consulting | Senior Consultant | Former |
| Dartmouth College | Executive Fellow | Former |
| General Electric Company | Operational and Financial positions | Former |
| Autodesk, Inc. | Executive Positions | Former |
| Tuck School of Business at Dartmouth | MBA | Former |
| University of Maine | BA | Former |
| General Electric Company | FMP degree | Former |
David Bonderman has served as a director of Ryanair Holdings and Ryanair Limited since August 23, 1996 and as Chairman of the Board of Ryanair Holdings and Ryanair Limited since December 1996. In 1992, Mr. Bonderman co-founded Texas Pacific Group, a private equity investment firm. He currently serves as an officer and director of the general partner and manager of Texas Pacific Group. Mr. Bonderman is also an officer, director and shareholder of 1996 Air G.P., Inc., which owns shares of Ryanair. Mr. Bonderman serves on the Board of Directors of the following public companies: Burger King Holdings, Inc., CoStar Group, Inc. and GemAlto N.V.
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Principal & Founding Partner | Current |
| Grand Canyon Trust | Principal | Current |
| Ryanair Holdings PLC | Chairman | Current |
| CoStar Group, Inc. | Board of Directors | Current |
| Ryanair Holdings PLC | Board of Directors | Current |
| World Wildlife Fund, Inc. | Board of Directors | Current |
| Energy Future Holdings Corp. | Board of Directors | Current |
| Grand Canyon Trust | Board of Trustees | Current |
| The American Himalayan Foundation | Board of Directors | Current |
| The Wilderness Society | Board of Directors | Current |
| Gemalto N.V. | Board of Directors | Current |
| Xojet | Board of Directors | Current |
| Keystone Inc. | Vice President & Chief Operating Officer | Former |
| TPG Partners LP | General Partner | Former |
| Arnold & Porter Llp | Partner | Former |
| Harvard University | Fellow, Foreign and Comparative Law | Former |
| Arnold & Porter Llp | Assistant | Former |
| Tulane University | Assistant Professor of Law | Former |
| Tulane University Law School | Assistant Professor | Former |
| J. Crew Group, Inc. | Board of Directors | Former |
| Washington Mutual, Inc. | Board of Directors | Former |
| Denbury Resources Inc. | Board of Directors | Former |
| Continental Airlines, Inc. | Board of Directors | Former |
| ProQuest Company | Board of Directors | Former |
| Burger King Holdings, Inc. | Board of Directors | Former |
| IASIS Healthcare | Board of Directors | Former |
| Oxford Health Plans | Board of Directors | Former |
| Harvard Law Review | Board of Directors | Former |
| Harvard Law School | Former | |
| University of Washington | Former |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Managing Partner | Current |
| San Francisco University High School | Trustee | Current |
| Zhone Technologies, Inc. | Board of Directors | Current |
| Simple Freedom | Board of Directors | Current |
| TOUCH2TALK | Board of Directors | Current |
| Axcess, Inc. | Board of Directors | Current |
| The Neiman Marcus Group, Inc. | Board of Directors | Current |
| J. Crew Group, Inc. | Board of Directors | Current |
| Texas Pacific Group, LLC | principal | Former |
| Lehman Brothers, Kuhn, Loeb Inc. | Former | |
| San Francisco Day School | Board of Directors | Former |
| American Savings Bank | Board of Directors | Former |
| San Francisco Zoological Society | Board of Directors | Former |
| Bay Area Discovery Museum | Board of Directors | Former |
| Seagate Technology, Inc. | Board of Directors | Former |
| Gate Gourmet International | Board of Directors | Former |
| MEMC Electronic Materials, Inc. | Board of Directors | Former |
| Oxford Health Plans | Board of Directors | Former |
| Stanford Graduate School of Business | MBA | Former |
| Dartmouth College | Former |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Senior Partner | Current |
| Quintiles Transnational Corp. | Board of Directors | Current |
| Biomet, Inc. | Board of Directors | Current |
| PETCO Animal Supplies, Inc. | Board of Directors | Current |
| The Neiman Marcus Group, Inc. | Board of Directors | Current |
| J. Crew Group, Inc. | Board of Directors | Current |
| Interpore Cross International, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Partner | Current |
| Organization | Position | Status |
|---|---|---|
| Texas Pacific Group, LLC | Managing Partner | Current |
| Organization | Position | Status |
|---|---|---|
| HarbourVest Partners, LLC | Managing Director | Current |
| Heritage Partners Management Co LLC | Board Advisor | Current |
| Monitor Clipper Partners, Inc. | Board Advisor | Current |
| Redpoint Ventures | Board Advisor | Current |
| Versant Ventures | Board Advisor | Current |
| Polaris Ventures Partners | Board Advisor | Current |
| Texas Pacific Group, LLC | Board Advisor | Current |
| Tallwood Venture Capital | Board Advisor | Current |
| Healthcare Ventures, LLC | Board Advisor | Current |
| Welsh Inc. | Board Advisor | Current |
| Three Arch Partners | Board Advisor | Current |
| Comdisco Ventures | Managing Director | Former |
| NCR Corporation | marketing and sales | Former |
| Comdisco Holding Co. | Former | |
| Health Care Ventures LLC | Former | |
| Canaan Partners | Former | |
| Harvard Business School | MBA | Former |
| Cornell University | BS (with distinction) | Former |
Executive News
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The future and other problems
Industry Transcripts by Seeking Alpha
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H&R Block, Inc. F4Q09 (Qtr End 04/30/09) Earnings Call Transcript
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Discover Financial Services Q2 2009 Earnings Call Transcript
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VeriFone Holdings Inc. F2Q09 (Qtr End 04/30/09) Earnings Call Transcript
on Jun 02, 2009about PAY
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Provident Financial Services, Inc. Q1 2009 Earnings Call Transcript
on May 27, 2009about PFS
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
IndustryTop Rated
