TPG, Johor Corp said to weigh taking KPJ private

KUALA LUMPUR: US private equity firm TPG Capital and Malaysian state-owned investment company Johor Corp are considering a plan to take KPJ Healthcare Bhd private, according to people with knowledge of the matter.

The San Francisco-based firm and the investment arm of the Johor state government are in talks with banks to finance the potential deal involving Malaysia’s largest private-hospital operator, said the people.