Another Arizona homebuilder has attracted the attention of billion-dollar investment firm TPG Capital.Scottsdale-based AV Homes has landed a $135 million investment from the group, formerly known as Texas Pacific Group.
The international private-equity firm, started by David Bonderman and James Coulter, will own almost 42 percent of AV after the deal is completed.
TPG owns a significant stake in Scottsdale-based Taylor-Morrison Homes Corp., which raised more $526 million in an April initial public offering.
Read more: AV Homes attracts $135 million in capital
