Private equity giant TPG is working with JPMorgan Chase & Co. and Goldman Sachs Group as it evaluates hitting the public market. TPG, which has long-time roots in Fort Worth, is in talks with the Wall Street heavyweights as it looks at plans to go public, though no final decisions have been made, people familiar with the matter told Bloomberg. The nearly $100-billion-asset firm has been considering going public through a traditional IPO or via a special purpose acquisition company.
The public offering considerations come concurrently with major executive changes at the firm, including new CEO and CFO appointments made in the last three months. In May, Jon Winkelried was named sole CEO after serving in the position with co-founder Jim Coulter for five years. Earlier this month, the firm also announced it had appointed Jack Weingart as its new CFO to work with CEO Jon Winkelried on “growth strategies and evolution of TPG’s business.”
Read more/Source: Dallas Business Jornal
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