TPG Takes a Bite Out of Angie’s Artisan Treats

Looks like everyone is moving into the IPO business. PNC is a conservative bank and as far as I know wont take any non US accounts. This low risk approach has been great in their growth but now, welcome to the world of IPOs and broker dealers… seems like a dangerous shift away from what they know and past forays by banks have not always worked out well in acquiring broker dealers.

Private equity firm TPG Growth has picked up a stake in popcorn group Angie’s Artisan Treats, adding to a growing trend in better-for-you snack M&A that reflects consumer eating habits.