From Reuters, via washingtonpost.com:
Three U.S. private equity firms have agreed to invest $350 million in Lenovo Group Ltd., the top Chinese computer maker that is buying IBM’s personal computer business, the parties confirmed on Wednesday.
Under terms of the deal, Texas Pacific Group (TPG) will invest $200 million, General Atlantic LLC will put up $100 million and Newbridge Capital LLC will invest $50 million in Lenovo, according to TPG partner Justin Chang. Newbridge is an affiliate of Texas Pacific and Blum Capital Partners.
