TPG in advanced talks to acquire stake in U.K.-based Tide, Sky reports

Private equity firm TPG (TPG) is in advanced discussions to acquire a stake in U.K.-based digital banking services platform Tide, Sky News’ Mark Kleinman reports. The firm is discussing taking a significant interest in the company, with sources telling Sky that Tide’s existing investors were expected to sell shares to TPG while a separate arrangement would involve another existing investor acquiring newly issued stock. The two deals may be finalized at different valuations, though both will likely see Tide valued at no less than $1B, the author notes.