Businessweek Archives

Tech Buyout Parade Continues


? What's $50,000 between CEOs? |

Main

| Vinod Khosla Doubles Down ?

March 31, 2005

Tech Buyout Parade Continues

Justin Hibbard

Just a day after Deal Flow predicted more big tech buyouts, news broke that Texas Pacific Group is leading a trio of private equity shops in a $350 million investment in Lenovo, the Chinese computer maker. I know, I know, $350 million is not "big." The trio will own about 12.4% of Lenovo. Nevertheless, the deal demonstrates PE investors' heightened interest in big, established tech companies, as we discussed on Monday. Don't forget: TPG was widely reported to have been bidding for IBM's PC unit, which Lenovo agreed to acquire for $1.75 billion in December. Looks like Jim Coulter and company will get a taste of IBM-PC after all. Interestingly enough, TPG walked away from a another Asian PC deal in January.

09:07 PM

TrackBack URL for this entry:

http://blogs.businessweek.com/mt/mt-tb.cgi/


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus