Home > Home > Texas Pacific Group buys 10 percent stake in start-up Azul

Texas Pacific Group buys 10 percent stake in start-up Azul

02/03/2010| 8:50:47 AM| 中文

TPG will pay approximately US$20 million for the stake, but will not inject additional funds into the carrier.

Texas Pacific Group (TPG) has acquired a 10 percent stake in Brazilian carrier Azul.

According to reports in Valor Economico, TPG will pay approximately US$20 million for the stake, but will not inject additional funds into the carrier. It has been reported that the TPG investment was reportedly facilitated as Pequot Capital and Wexford Capital sold shares in the carrier. Pequot still remains a shareholder in the LCC.

Read the full story at: http://www.eyefortravel.com/news/airlines/texas-pacific-group-buys-10-percent-stake-start-azul
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