TPG in Thai Bank Investment
April 25, 2007
Cleary Gottlieb represented TPG in its $67 million strategic investment in BankThai Public Company Limited, a publicly listed commercial bank based in Thailand. TPG acquired approximately 25% of BankThai’s outstanding ordinary shares, and two co-investors each acquired an additional 4%. The deal closed on April 25.
TPG is a leading worldwide private equity firm with over $30 billion in assets under management. Cleary Gottlieb has represented TPG since its founding in 1992.