William S. Price III
Encyclopedia
William S. "Bill" Price III is one of the three co-founders and a partner emeritus of TPG Capital, formerly known as the Texas Pacific Group
, which is one of the largest private equity
firms globally.
Prior to co-founding Texas Pacific Group in 1993, Bill Price was Vice President of Strategic Planning and Business Development for GE Capital
. Prior to this, Price was a partner and co-head of the Financial Services Practice of Bain & Company
.
In 1993, Price teamed up with David Bonderman
and James Coulter
to complete the leveraged buyout
of Continental Airlines
. Price would be involved with all of TPG's investments, most notably Beringer
, Continental Airlines
, Petco
, Ducati and Grohe
.
In 2006, Price announced that he would scale back his work at TPG to focus on personal pursuits including his holdings in wine vineyards. Price is currently founder of Classic Wines, which has invested in Buccella Winery, Kistler Vineyards,and Three Sticks Wines.
Bill Price is also chairman of Vincraft, an investment company specializing in the wine business that owns a controlling interest in Kosta Browne.
Texas Pacific Group
TPG Capital is one of the largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital,...
, which is one of the largest private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firms globally.
Prior to co-founding Texas Pacific Group in 1993, Bill Price was Vice President of Strategic Planning and Business Development for GE Capital
GE Capital
GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money....
. Prior to this, Price was a partner and co-head of the Financial Services Practice of Bain & Company
Bain & Company
Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. Bain is considered one of the most prestigious consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally...
.
In 1993, Price teamed up with David Bonderman
David Bonderman
David Bonderman is a founding partner of TPG Capital and its Asian affiliate, Newbridge Capital...
and James Coulter
James Coulter (financier)
James Coulter is an American investment manager, and co-founder of private equity firm TPG Capital, originally known as the Texas Pacific Group.-Education:...
to complete the leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
of Continental Airlines
Continental Airlines
Continental Airlines was a major American airline now merged with United Airlines. On May 3, 2010, Continental Airlines, Inc. and UAL, Inc. announced a merger via a stock swap, and on October 1, 2010, the merger closed and UAL changed its name to United Continental Holdings, Inc...
. Price would be involved with all of TPG's investments, most notably Beringer
Beringer
Beringer Vineyards is a large winery located in St. Helena, California.Beringer Vineyards was founded in 1875, is "the oldest continuously operating winery in the Napa Valley." Located in St. Helena, California, it was the first California winery to offer public tours in 1934, following the repeal...
, Continental Airlines
Continental Airlines
Continental Airlines was a major American airline now merged with United Airlines. On May 3, 2010, Continental Airlines, Inc. and UAL, Inc. announced a merger via a stock swap, and on October 1, 2010, the merger closed and UAL changed its name to United Continental Holdings, Inc...
, Petco
PETCO
PETCO is a chain of retail stores that offers pet supplies and services such as grooming and dog training. Founded in 1965 and incorporated in Delaware, it is headquartered in San Diego, California...
, Ducati and Grohe
Grohe
Friedrich Grohe AG & Co. KG is a European manufacturer of sanitary fittings, including kitchen and bathroom faucets, and shower systems. Grohe has roughly eight percent of the world market for such products. The Grohe corporate center is in Düsseldorf, Germany, and it has offices in many parts of...
.
In 2006, Price announced that he would scale back his work at TPG to focus on personal pursuits including his holdings in wine vineyards. Price is currently founder of Classic Wines, which has invested in Buccella Winery, Kistler Vineyards,and Three Sticks Wines.
Bill Price is also chairman of Vincraft, an investment company specializing in the wine business that owns a controlling interest in Kosta Browne.