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TPG Plows $750 Million Into Chobani

  • Reuters, Friday, April 25, 2014 8 AM

Chobani said on Wednesday it has received a $750 million investment from private equity firm TPG, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter. The TPG investment, which comes in the form of a second lien loan, comes with warrants that could give the private equity firm up to a 35% stake in Chobani down the line.

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