European Dealmakers Leave as TPG Capital Rethinks Region

11/12/17

Three partners focused on investing in European companies have left TPG in recent months, leaving just two at the U.S. buyout firm in Europe working on new private equity deals, sources familiar with the matter told Reuters.

The moves are part of a shift in strategy, with partners more focused on sectors globally rather than within regions, and mean TPG Capital, the private equity platform of the business, now has one partner in Europe working on infrastructure deals and an operations partner who will also work on European deals.

There are no immediate plans to replace the partners who left, the sources said, although a spokesman said TPG, which also has real estate and credit arms, will keep hiring in London and Europe.

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