July 22, 1997 |
Semiconductor maker Zilog Inc. on Monday accepted a $527-million buyout from an investment group led by Texas financier David Bonderman. The agreement calls for Texas Pacific Group, a Fort Worth-based partnership that includes Bonderman and several other former advisors to the Bass family, to acquire a 93.3% stake in Campbell-based Zilog, including 90% of the voting shares.
August 5, 2008 |
Speculation that his job might be in jeopardy was dashed when Metro-Goldwyn-Mayer Studios announced that Harry Sloan had signed a new three-year deal to continue as chairman and chief executive of the struggling studio. Sloan was hired in October 2005 after the studio was sold to an investment consortium that includes Sony Corp. of America, Comcast Corp., Providence Equity Partners and Texas Pacific Group. Sloan recently hired former Universal Pictures movie executive Mary Parent to try to turn around MGM's box-office fortunes.
May 12, 2006 |
Smurfit-Stone Container Corp. said it had agreed to sell its consumer packaging segment to private equity investor Texas Pacific Group for about $1.04 billion in cash. The company, which is in the midst of a turnaround plan, said it planned to use essentially all of the proceeds from the sale to reduce debt.
October 1, 1997 |
J. Crew Group Inc. plans to raise $220 million as part of a plan to buy out some of its founders as it continues talks to be acquired by Texas Pacific Group of Fort Worth. J. Crew plans to raise the money in two private placements. The first is a $155-million private placement rated "Caa1" by Moody's Investors Services and the second involves $65 million and is rated "Caa2." The ratings reflect risks associated with the company's plan to add clothing colors and styles.
November 20, 1997 |
Zilog Inc. said Texas Pacific Group cut its takeover offer by 20%, to $20 a share, because of declining revenue and earnings at Zilog, a Campbell-based a maker of specialized computer chips. Fort Worth-based Texas Pacific cut the price from $25 a share after Zilog disclosed that fiscal fourth-quarter sales and earnings will fall below the third quarter's, which trailed year-earlier results.
November 22, 1995 |
In the most valuable deal in the history of the U.S. wine industry, Nestle is set to announce today that it is selling its extensive and prestigious California wine holdings, including Beringer Vineyards and Chateau Souverain, to private investors, industry sources said Tuesday. Texas Pacific Group, an investment partnership with $720 million in capital and offices in San Francisco and Ft. Worth, is paying an estimated $350 million for Nestle's Wine World Inc.