Tomy Shares to Texas Pacific Group

Wednesday, March 7th, 2007 9:45PM CST

Category: Company News
Posted by: Hotrod Views: 14,247

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On May 13th 2005 it was announced that Takara and Tomy would merg. Well today Tomy has made more business news. Tomy has sold 14% of it shares to Texas Pacific Group. This puts Tomy in great position for further growth. To read the entire article click here.

Credit(s): Toy News Magazine

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Re: Tomy Shares to Texas Pacific Group (45548)
Posted by Liege Evilmus on March 7th, 2007 @ 11:13pm CST

If this leads to some new and inovative bots(TF based or other), I'm a happy camper. Otherwise, I don't care these are large corporations with many differnt product lines involved, so I choose to wait and see if I wind up caring about this at all.

Re: Tomy Shares to Texas Pacific Group (45600)
Posted by Stormrider on March 8th, 2007 @ 12:15am CST

I did a little investigating and found the following information about TPG:

Texas Pacific Group Company Profile

From Yahoo Finance

Yee-haw! Let's round us up some LBOs! Texas Pacific Group (TPG) has staked its claim on the buyout frontier with a reputation for roping in companies other investors wouldn't touch with a 10-foot pole. An active investor, TPG often takes control of the companies in which it invests. Holdings have included stakes in technology (Seagate Technology, ON Semiconductor), consumer franchises/products (Burger King, Ducati), retailers (J. Crew, Petco), airlines (Continental, America West), and entertainment (Metro-Goldwyn-Mayer). Texas Pacific Group raised a whopping $15 billion for a Texas-sized buyout fund in 2006.

It appears that TPG focus is to invest in companies that have potential but are a bit risky.