TPG Bags $600M UK Education Unit From Charterhouse

Law360, New York (July 8, 2013, 6:20 PM EDT) -- Private equity firm TPG Capital LLP announced Monday that it had struck a deal to pick up TSL Education Ltd., a U.K-based publisher for the educational sector, from Charterhouse Capital Partners in a deal that reportedly values the company at £400 million ($595.30 million).

With the definitive agreement, Charterhouse is expected to turn over ownership of TSL Education within the third quarter, according to a statement. Financial details of the deal were not disclosed, but a Reuters report put the price tag as valuing TSL Education...
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