Deals
China Development Bank Said to Agree to Buy Stake in TPG
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China Development Bank Corp.’s investment unit agreed to purchase a stake in U.S. buyout firm TPG Capital, said a person with knowledge of the matter.
TPG co-founder Jim Coulter attended a signing ceremony in Beijing today with China Development Bank Capital Co., according to a copy of the schedule for the event seen by Bloomberg News. Michael Fuchs, an external spokesman for TPG, and Zhang Cheng, vice president of the strategic planning department for CDB Capital, declined to comment.