TPG Capital splashes out on first Russian deal

Private equity investor TPG Capital has written its largest equity cheque in Europe to finance its first deal in Russia since setting up an office there more than a year ago.

The firm paid $800m (€509m) in cash for 50% of Moscow-based SIA International, the largest distributor of pharmaceuticals in Russia.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink