Private equity firm TPG is making a $135 million investment in AV Homes Inc. (Nasdaq: AVHI).

The equity investment will give TPG ownership of $41.9 percent of the company. The purchase price works out to $14.65 per share. AV Homes’ stock closed at $14.54 on June 18, before the deal was announced, and was trading at around $17 midday on June 19.

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