From : ABS-CBNnews.com
Posted at 05/01/2014 5:20 PM | Updated as of 05/01/2014 5:20 PM
MANILA, Philippines - International investment company TPG Capital is buying a P2.9 billion stake in Philippine low-cost housing company 8990 Holdings.
TPG Capital had previous holdings in big names like Del Monte Foods and Tiger Airways, and current holdings in Neiman Marcus and China Grand Automotive.
It has diversified investments ranging from food to telecoms to pharmaceuticals.
"We are thrilled to participate with 8990, the largest home builder in the Philippines, as they address an important need in the country with very attractive and affordable housing," Tim Dattels, managing partner of TPG Asia, said.