TPG doubtless had good cause to rethink: its decision to withdraw the offer came after Moody’s, a rating agency, downgraded B&B, triggering a get-out clause in their purchase agreement.
Mr Shan's investors are mostly the same ones who backed him while he was at TPG - big pension funds and sovereign pools of money from Singapore and China.
单伟建的投资者与他在TPG时支持他的投资者基本相同——大型养老基金和新加坡及中国的主权资金池。
TPG officials tried to contact Mr Dondero to work things out but people familiar with the matter say Mr Dondero declined to return calls.
TPG will receive large returns not only from Myer, but also from a unique (for a foreign firm) controlling investment in a large Chinese financial institution called Shenzhen Development Bank.