Warburg Pincus related stories
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Capetta joins Martin LLPMartin LLP, a Stamford, Conn.-based law firm, said Monday that John Capetta has joined the firm to lead its Private Equity Practice Group. Capetta joins from Kelley Drye & Warren, where he was chair of the firm-wide Private Equity Practice Group.
- Warburg Pincus to invest up to $600 million in Zenith Energy-Reuters
Private equity firm Warburg Pincus LLC said on Monday it had agreed to invest up to $600 million in equity in Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals, Reuters reported.
PE-backed Osum Oil Sands completes $325 mln buy of Orion projectOsum Oil Sands Corp has closed its previously announced acquisition /canada/2014/06/11/pe-backed-osum-oil-sands-to-buy-orion-project-for-325-mln/ of the Orion Oil Sands Project from Shell Canada Ltd, a division of Royal Dutch Shell Plc, for $325 million. The project, located in Alberta’s Cold Lake oil sands region, will provide Osum with significant current production and cash flow, the company said. Founded in 2006, the Calgary-based Osum is backed by Canadian private equity firm KERN Partners, The Blackstone Group, Warburg Pincus and other investors. KERN recently launched /canada/2014/07/17/kern-partners-launches-750-mln-fund-iv-makes-debut-investment-in-steelhead-lng-2/ its fourth energy-focused partnership, KERN Energy Partners IV Fund, which is targeted to raise $750 million.
- The FT Triathlon, in association with Impetus-PEF
There is a choice of four different events on the day, from a SuperSprint ideal for newcomers to triathlon, to a relay pitched to satisfy inter-firm rivalries.
- PE-backed Total Safety buys Z-Monitoring
Total Safety, a portfolio company of Warburg Pincus, has acquired Z-Safety Systems (which does business as Z-Monitoring). No financial terms were disclosed. Z-Safety Systems is a safety services provider.
- Warburg Pincus taps former Visa exec Walsh
Warburg Pincus LLC said on July 9 it appointed Michael Walsh, the former head of a Visa Inc payment management unit, as an adviser in its technology, media and telecommunications investment team.
- Talking Deal Prices: Warburg gets 18x EBITDA for iParadigms; NGP’s lofty energy IPOs
The first half of 2014 marked richer buyout valuations across the board, with purchase price multiples of sponsored deals hitting about 10x EBITDA, on average, by late June.
- RBS says attracting private equity cash one option for Irish arm: Reuters
State-backed Royal Bank of Scotland (RBS.L) said attracting private equity firms to inject cash into its Irish arm was one of several options it was considering as part of a restructuring of its Ulster Bank business.
- Goldman, Warburg Pincus and others nearing $2bln Huarong deal: Reuters
Goldman Sachs and private equity firm Warburg Pincus are among the investors nearing a deal to buy an up to 20 percent stake in China Huarong Asset Management Ltd for about $2 billion, people familiar with the matter told Reuters.
KERN Partners launches $750 mln Fund IV, makes debut investmentCanadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund (KEP IV), peHUB sister site peHUB Canada has exclusively learned.