Printer Friendly

Texas Pacific Group and Sing Wang Partner to Make Growth Equity Investments in Northern Asia; Former TOM Group CEO and Top IT Executive to Lead Asia Efforts.

FORT WORTH, Texas -- Private investment firm Texas Pacific Group (TPG) announced today that it is teaming up with Sing Wang to invest in northern Asia. Mr. Wang will be a partner in Texas Pacific Group and will pursue growth equity and venture opportunities with the firm. A distinguished private equity executive, Mr. Wang has deep expertise in technology, and a background in investment banking and capital markets.

Mr. Wang, 42, was most recently CEO and Executive Director of TOM Group, Ltd., Hong Kong, where he grew the company from an Internet startup to a leading Chinese-language multimedia enterprise in Greater China. He led TOM Group through more than 40 acquisitions and strategic alliances, building a company of unparalleled scope and scale in Greater China, increasing revenue 36 times in five years from US$11 million in 2000 when he joined, to approximately US$400 million in 2005. TOM Group is now listed on the Main Board of the Hong Kong Stock Exchange and ranked fifth in Business Week's 2004 annual report on corporate governance.

Mr. Wang was named one of the Top 10 China IT Business People in 2003 by China Business Post (a leading business publication in China), and won the Executive Award in the 2004 DHL/South China Morning Post Hong Kong Business Award.

"This is a remarkable opportunity to join forces with Texas Pacific Group, one of the world's largest and most exciting private equity firms," said Mr. Wang. "I'm thrilled to be using my expertise in the northern Asia region to work with this global powerhouse."

"We welcome this partnership with Sing, who is a unique combination of seasoned investor and successful executive," said William McGlashan, a partner in Texas Pacific Group. "We were early investors in the region and we are delighted to work with someone of Sing's caliber to identify growth equity investments."

Prior to TOM Group, Mr. Wang spent seven years at Goldman Sachs in both Hong Kong and New York in various positions including Executive Director/Head of China High Technology in Hong Kong. He was a founding member of the firm's Asian private equity team and headed their China Investment Projects. Before Goldman Sachs, Mr. Wang was an Associate at both Wardley Direct Investment Management Ltd., Hong Kong and at McKinsey & Co., Chicago. In 1991 he founded Amerinvest Group of companies, personal investment companies that focus primarily on real estate, natural resources and early high-tech companies.

Mr. Wang received both an M.S. degree in Land Management, and a B.A. degree in Philosophy, Politics and Economics from Oxford University, Oxford, UK. He also received a B.S. degree in Science from Yunnan University, Yunnan, P.R.C. He is currently Chairman of Amerinvest Group of Companies and Vice Chairman of West China Coking & Gas Company Limited. In the past, in his role as CEO and Executive Director of the TOM Group, Mr. Wang was Vice Chairman & Non-Executive Director of TOM Online Inc. (Mainland China), Director of Cite Publishing Limited (Taiwan) and Chairman of China Entertainment Television Broadcast Limited - CETV (Hong Kong).

About Texas Pacific Group

Texas Pacific Group is a private investment partnership that was founded in 1992 and currently has more than $30 billion under management. With offices in San Francisco, CA, London, England and Fort Worth, TX, TPG has extensive experience with public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures, and restructurings. TPG seeks to invest in world-class franchises across a range of industries, including branded consumer franchises (Bally, Beringer, Burger King, Ducati), retail (Debenhams, J.Crew, Neiman Marcus, Petco), airlines (America West, Continental), media and communications (Findexa, MGM, TIM Hellas), industrials (British Vita, Grohe, KRATON Polymers, Texas Genco), technology (Lenovo, MEMC, ON Semiconductor, Seagate), financial services (Endurance Specialty Holdings, Fidelity National Information Services, Linsco/Private Ledger), and healthcare (IASIS Healthcare, Oxford Health Plans, Quintiles Transnational), among others. Visit www.texaspacificgroup.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 
Article Details
Printer friendly Cite/link Email Feedback
Comment:Texas Pacific Group and Sing Wang Partner to Make Growth Equity Investments in Northern Asia; Former TOM Group CEO and Top IT Executive to Lead Asia Efforts.
Publication:Business Wire
Geographic Code:1USA
Date:May 29, 2006
Words:648
Previous Article:Zacks.com Announces that Charles Carlson Highlights the Following Stocks: Bristol-Myers, Equifax, Motorola, PepsiCo and Walgreen Co.
Next Article:Boston University Offers White Paper on Improving Project Quality.
Topics:


Related Articles
Investment in Landis & Gyr Communications Completed by Texas Pacific Group, Swiss Investors.
Isola sold: TPG, Redferns new owners.
Texas Pacific Group Names Vivek Paul as Partner; Executive Will Focus on Technology and Life Sciences Investments at Venture Arm of Texas Pacific...
Steven J. Schneider Joins Texas Pacific Group and Newbridge Capital as Partner; Former GE Executive Will Lead Operations Group In Asia.
Texas Pacific Group Names Leonard D. Schaeffer and Team As Senior Advisors; Former WellPoint Chairman/CEO and Senior Executives To Advise Firm on...
Texas Pacific Group Announces the Appointment of Jun Tsusaka as Partner; Former Founder of Brera Capital and Goldman Sachs M&A Banker Will Lead Tokyo...
JAL Wins Two Awards: Best North Asian Airline & Best Trans-pacific Business Class.
Vietnamese Technology Company FPT Corporation Announces Landmark US$36.5 Million Investment from TPG and Intel Capital.
Varun Kapur Joins TPG Ventures to Focus on Investments in India.
Evergreen Energy Launches International Business and Strategic Partnership with Sumitomo Corporation.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters