ICICI Bank's home finance sale on backburner

ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential private equity (PE) buyers have asked for a 20 percent discount on valuation.

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Spotify Raises $1 Billion Through Financing Deal

Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.

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Australia to have 5G network by 2020 from Vodafone

Vodafone Group is confident that as soon as 5G wave hits the world in 2020, Australia will be among the first few countries to adopt this new-age technology. The mobile operator's priority goals include customer satisfaction and customized plans, along with 5G launch. A 5G-friendly Australia will be seen as a super-speedy service that should eliminate all video buffering and enable super-fast downloads.

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Teen retailer Forever 21 turns to outside investors for $150M loan

Teen fashion retailer Forever 21 Inc is not seeing enough growth and is turning to Wells Fargo & Co. and TPG for a $150-million-loan aide. For over a dozen years, this fast-growing retail store has won the hearts of young shoppers and wiped out rivals with its trendy fashion and affordable prices, with $7.90 jeans and $8.90 cardigans. But lately, there are reports that the company is struggling to fill productivity.

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Wal-Mart launches in-store tax refunds

Wal-Mart Stores Inc (WMT.N) has launched a service allowing customers to pick up tax refunds in cash at stores across the United States.

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Uber looks to pick up another $1 billion in equity

U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter.

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Private equity firm TPG eyes Tesco clubcard unit

Private equity buyout firm TPG has approached troubled British grocer Tesco PLC (TSCO.L) to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday.

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Airbnb receives USD500 million funding round

Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.

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Neiman Marcus Department store chain given two weeks to answer to data breach

Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.

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Whistleblower says buyout firms gain in transaction fees by brokering takeover deals

An unnamed private equity insider filed a complaint with the US Securities and Exchange Commission claiming that private equity firms KKR, TPG and Goldman benefited from the leveraged buyout of Texas-based utility TXU by acting as unlicensed brokers and collecting massive transaction fees in the process.

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TPG files suit against Israel's Strauss in Dutch court

Private equity firm TPG has asked a specialised Dutch court to order an inquiry into the affairs of Strauss Coffee, in which it holds a 25 percent stake, claiming majority owner Strauss Group had abused its rights in the company.

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TPG welcomes new investor relations executive

TPG will be the new home of funds commitment professional Jennifer Morais.

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3i buys out Allianz in Scandlines

3i pays EUR165 million for the 49% stake of Allianz Capital Partners in Scandlines.

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TPG to invest in Manappuram Finance

US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.

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La Caixa sells majority share of property unit to TPG-source

A source told Reuters that La Caixa would be selling 51% of its stake in Servihabitat, a real estate firm, to TPG.

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