With half a dozen deals this year, good exits fuel TPG's India aggression

TPG Capital, the alternative asset manager with $73-billion assets, has been investing in India since 2004, and has put its money in 12 companies, including four belonging to Chennai-based Shriram Group. In the last year itself, it has invested in five firms. This year, the company has invested in six companies: It led $100-million rounds in Five Star Business Finance, BookMyShow, and co-invested $1.2 billion with Abu Dhabi Investment Authority in UPL, to fund its acquisition of Arysta. In July, it picked up a minority stake in Sai Life Sciences, a drug discovery, development and m.....

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