TPG completes British Vita acquisition
Texas Pacific Group, Fort Worth/Texas, USA on 14 June completed its takeover of British Vita, Manchester, UK which will now operate as a private company. The US equity company will shortly make announcement about the management and structure of the new board, according to a TPG spokesman. In a statement to the London Stock Exchange, British Vita’s board announced that it had filed and registered all necessary legal documents to effect its EUR 668 million acquisition by TPG Partners IV L.P. The UK polymer and cellular products company also delisted from the LSE on 14 June.