Around the Net
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.
