1 results for 'EricPowell'
In 2005, a Greek telecom group, TIM Hellas was taken over by funds set up by TPG and Apax Partners. The €1.6 billion ($2.1 billion) acquisition of Hellas, Greece’s third-biggest mobile operator at the time, gave way to the country’s largest leveraged buy-out.
After TPG and Apax Partners injected fresh capital to gain control of Hellas, they raised the debt of the company to gain the necessary cash leverage to repay not only the capital injection but 6 to 10 times more.
By the autumn of 2006, a year after they first bought in, they had already recouped 90% of their total €390m... (more)
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