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.