$101 Billion
Throughout 2006, we read of company after public company taking itself private, and always Fort Worth’s Texas Pacific Group was listed as a potential buyer. So we asked the private equity firm how much money it spent buying out companies in 2006. TPG wouldn’t respond. But according to the Financial Times, TPG did $101 billion in deals in 2006—the most ever for a buyout firm. That’s one-seventh of the total $700 billion global private equity market, itself a record last year. To put TPG in context, its spending spree was greater than all but 48 countries’ gross domestic product in 2005.
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