UK’s CDC Group recruits Myanmar investment experts

Britain’s development finance agency CDC Group has hired a Myanmar team led by two private sector professionals to expand its footprint in the country and boost investments in renewable energy and social projects. CDC, wholly owned by the UK government aid agency, has hired U Myo Zin of Luminate as its new country manager and […]

Myanmar telecoms tower deal puts TPG in pole position

TOKYO — U.S. private equity firm TPG has finalized a deal that marks its most ambitious investment in Myanmar and the biggest consolidation yet in the country’s fast-growing telecommunication infrastructure sector. Under an agreement that gained Naypyitaw’s approval last month but has yet to be announced, TPG, majority owner of Apollo Towers Myanmar, the country’s […]

TPG Joins Ex-LightSquared CEO in Myanmar Telecom Tower Venture

TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big-name U.S. private-equity firm in the country since it emerged from military rule three years ago. The growth-equity unit of Fort Worth, Texas-based TPG invested about $40 million this month […]