TPG in talks with JPMorgan and Goldman Sachs IPO potential, Bloomberg reports

A private equity giant is working with JPMorgan Chase & Co. and Goldman Sachs Group as it evaluates hitting the public market, Bloomberg reported Tuesday. The company, 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. TPG, a nearly $100-billion-asset firm, has been considering going public through a traditional IPO or via a special purpose acquisition company, sources told the Wall Street Journal earlier this summer.

“We continue to evaluate strategic alternatives and have nothing to announce at this time,” a spokesperson for TPG told Bloomberg. The two banks declined to comment on the Tuesday story.

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…



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