* Deal has fully committed financing
* Buying company from consortium of private equity
NEW YORK, April 21 Private equity firm TPG
Capital [TPG.UL] is buying American Tire Distributors
[AMTDS.UL] in a $1.3 billion deal, the companies said on
Wednesday, a sign that buyouts are picking up.
TPG is buying the Charlotte-based company from private
equity firms Investcorp, Berkshire Partners and Greenbriar
The deal has fully committed financing, the companies said.
It includes equity from TPG and debt financing from Bank of
America (BAC.N), Barclays Capital, General Electric Capital,
RBC Capital Markets, UBS UBSN.VX and Wells Fargo Capital
Barclays Capital, RBC Capital Markets and UBS advised TPG.
Bank of America Merrill Lynch and Deutsche Bank (DBKGn.DE)
advised American Tire.
The number of leveraged buyouts has been increasing as
financing becomes more available. TPG, together with the Canada
Pension Plan, struck a $4 billion deal in November to buy
prescription drug sales provider IMS Health.
(Reporting by Megan Davies. Editing by Robert MacMillan)