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CDB Capital Buys TPG Capital Stake

China Development Bank’s investment unit, China Development Bank Capital, has acquired a stake in private equity firm, TPG Capital.

China Development Bank’s investment unit, China Development Bank Capital, has acquired a stake in private equity firm, TPG Capital, Bloomberg reports. The financial details of the deal have not been disclosed.

Recently, Government of Singapore Investment Corporation and Kuwait Investment Authority acquired a 5% stake each in TPG Capital, adds The Wall Street Journal. CDB Capital also acquired 1.92 billion shares of New Capital International Investment for about $98.7 million.

Click here for the story from Bloomberg.

Click here for the additional coverage from The Wall Street Journal.

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