Warburg Pincus related stories
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Santander closing in on UniCredit's Pioneer stake, say sources-ReutersSpanish bank Santander and Italian rival UniCredit are close to a deal to combine their asset management businesses to create a European fund managing powerhouse, sources told Reuters.
- Tiger Global leads $60 mln investment in India's Quikr: Reuters
Indian online classifieds portal Quikr has secured $60 million from backers led by U.S. investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.
PE-backed Santander to buy Edmonton's Carfinco for $298 mlnCarfinco Financial Group Inc (TSX: CFN), an Edmonton-based specialist in auto financing, has agreed to be bought by Spain's Banco Santander SA for $298 million in cash. The acquisition, which has been recommended to shareholders by the company's board of directors, is expected to close in the fourth quarter. Santander said the deal would allow the retail and commercial bank to gain entry and growth opportunities in the Canadian market. Santander is a portfolio company of U.S. private equity firms General Atlantic and Warburg Pincus. In 2013, the two investors acquired a large stake in the company in a deal that valued it at US$2.7 billion.
- Bain, Carlyle in talks to buy majority stake in India's Famy Care, say sources-Reuters
U.S. private equity funds Bain Capital LLC and Carlyle Group LP are in separate talks to buy up to a 75 percent stake in India's Famy Care Ltd for about $400-$450 million, sources told Reuters.
- Warburg Pincus and Antero Resources back Cheat Canyon Conservation
More than $7 million has been raised to back the conservation of Cheat Canyon in West Virginia. Private funding included $2.6 million from the estate of Charlotte Ryde and a combined gift of $1 million from Warburg Pincus and Antero Resources.
Odyssey Fund IV performance climbs on recent exitsOdyssey Investment Partners faced the worst economic downturn since the Great Depression when it launched fundraising for Odyssey Investment Partners IV in 2008. But the New York firm led by Chairman Stephen Berger, a leader in the New York political arena, barely missed a beat.
- BCG appoints Alvarez & Marsal partner
Russell Kellner recently joined the BCG Boston office as a partner from Alvarez & Marsal where he was a managing director and led their commercial due diligence practice. Prior to A&M, Kellner spent 8 years at Bain & Company, most recently as a principal and member of their private equity and financial services practices.
- China's largest auto rental firm launches up to $468 mln HK IPO, says source-Reuters
China Auto Rental Inc. on Friday launched an up to $468 million Hong Kong initial public offering, betting car ownership restrictions and higher spending on travel in the world's second-largest economy will fuel demand for hire vehicles.
- Friday Letter: Risks in Russia(2)
Being linked to a Russian state-backed fund is not the same as deploying capital in that market, but the current Ukraine crisis is a salutary reminder that such a distinction can readily become moot.
- Friday Letter: Risks in Russia
Being linked to a Russian state-backed fund is not the same as deploying capital in that market, but the current Ukraine crisis is a salutary reminder that such a distinction can readily become moot.