Deal Flow

Inside the world of M&A, IPOs, and Venture Capital

Justin Hibbard
BUSINESS DIRECTORY
Find local experts in:

« 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 Pings

TrackBack URL for this entry:
http://blogs.businessweek.com/mt/mt-tb.cgi/

Comments

Post a comment






 


Copyright 2000-2009, Bloomberg L.P.
Terms of Use   Privacy Notice