Billionaire was a key early investor in Irish carrier
David Bonderman, the US private equity titan who played a key role in the expansion of Ryanair as chairman and a major shareholder over more than two decades, has died. He was 82.
Mr Bonderman had an eye for unconventional bets. “Returns tend to be better in places where either the troops are in the street, or the prices are low,” he said of his investing approach.Tips for avoiding a January credit-card hangoverAn investor in a wide array of deals, he was most well known in Ireland for his investment in Ryanair in the mid 1990s.
Away from Ireland, he drew skepticism with his first big deal in 1993, leading the $450 million recapitalisation of Continental Airlines during its second bankruptcy. TPG — known then as Texas Pacific Group — netted a ninefold profit when it sold its stake in the airline. In the case of Uber, he joined the board of the ride-hailing company in 2013 after his firm partnered with Google Ventures on a $258 million financing round. Uber co-founder Travis Kalanick requested TPG’s involvement so that Mr Bonderman could help the company address a long list of regulatory challenges around the world, Brad Stone wrote in The Upstarts .Known as Bondo to his friends, he flouted the image of the sleek-suited financier, arriving at meetings in khakis and loud, mismatched socks.
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