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Week in Review: TPG, Airbnb, and Candy

It’s been a big week for TPG. This morning the Texas-based PE shop announced it was acquiring Warranty Group for $1.5 billion. The announcement came on the heels of yesterday’s rumors that the firm would also lead another round of funding for Airbnb.

TPG’s potential investment in Airbnb is a little anomalous for the firm. Traditionally, TPG pursues private equity investments or the occasional VC investment in early-stage biotech. Airbnb doesn’t seem to fit into either bucket. Is TPG expanding its investment thesis, or has Airbnb matured out of the venture community?

In other news, Apax could earn a 10,000% gain on its Candy Crush investment. Ten-thousand percent.

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Founded in 1982, Saugatuck Capital Company is a private investment firm specializing in lower middle-market buyouts, recapitalizations and growth equity investments.  Over a period of more than three decades, Saugatuck has managed four dedicated private equity funds and currently manages $30 million of private equity capital spread across four special purpose funds.  Saugatuck’s limited partners include institutional investors, family offices and individual accredited investors as well as the principals of Saugatuck.

Saugatuck seeks to partner its expertise and capital with exceptional management teams to build companies of outstanding value.  Toward this goal, Saugatuck’s principals bring a breadth of skills and experience to its portfolio companies in order to offer broad, comprehensive insight into all facets of a company’s organization and take advantage of unique opportunities for growth.


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