OREANDA-NEWS. June 09, 2011. CDB Capital Co., Ltd. ("CDB Capital"), a wholly-owned subsidiary of China Development Bank (CDB), plans to buy a small number of shares of TPG Capital ("TPG"), an internationally well-known private equity fund in the USA, so as to establish partnership with the latter, reported the press-centre of CDB.

Founded in August 2009, CDB Capital is mainly engaged in businesses such as private equity fund, direct investment and investment consulting. It intends to enhance its capabilities in direct investment by drawing on the long-term advanced experience and technologies of TPG.

TPG, incorporated in Texas in 1992, ranks among the top five global private equity investment institutions, which is widely recognized as one of the industry leaders. Its overseas network and experience in global investment may help CDB Capital expand the bank's overseas investment and financing business.

So far, the two sides have made clear the arrangements with respect to equity cooperation. The investment should also be submitted to relevant authorities under the Chinese Government for filing and approval.