TPG in Leading $7 Billion WaMu Recapitalization
April 21, 2008
Cleary Gottlieb represented affiliates of TPG Capital in their $2 billion investment in newly-issued common stock, contingently convertible preferred stock and warrants of Washington Mutual, Inc. Existing WaMu institutional investors concurrently invested $5 billion in the bank. The transaction was signed on April 7th and funding was completed on April 21st.