Chobani was in negotiations with six suitors earlier this month and TPG now appears to be in the lead, said the New York Times, citing people briefed on the matter.
The structure of a potential investment has not yet been finalised and there is no guarantee that the talks will lead to a deal, said one of the sources.
Meanwhile, TPG’s growth capital unit is in negotiations to raise more than $400m for home-sharing company Airbnb, according to the report.
Earlier this month TPG agreed a $1.5bn deal for warranty business The Warranty Group from fellow buyout house Onex Corp.
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