Warburg Pincus related stories
All articles and analysis
PE-backed Osum Oil Sands to buy Orion project for $325 mlnOsum Oil Sands Corp has agreed to buy 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, produces 6,700 barrels per day of bitumen from 22 well pairs. Osum's acquisition, which will be financed by cash, shareholders and US$225 million in senior secured credit facilities from Barclays Bank PLC and Goldman Sachs Lending Partners LLC, is expected to close by July 31. The Calgary-based company was backed with $500 million in private equity investment in 2012. Canada's KERN Partners led the deal, with the participation of Blackstone Capital Partners, Warburg Pincus and other investors.
Everstone loses MD ChopraSachin Chopra has left the firm due to personal reasons as Amit Manocha is promoted.
- Navitas nabs up to $500 mln
Navitas Midstream Partners has secured up to $500 million in funding. Warburg Pincus is the lead investor. Based in The Woodlands, Texas, Navitas seeks to develop and acquire midstream assets in North America.
- PE-backed National Penn agrees to buy TF Financial for $138 mln
National Penn Bancshares, a portfolio company of Warburg Pincus, has agreed to acquire TF Financial Corp. for $138 million. The transaction is expected to close in late 2014. Sandler O’Neill & Partners provided financial advice to National Penn on the deal while Keefe, Bruyette and Woods was financial advisor to TF Financial. Headquartered in Newtown, Penn., TF Financial's principal subsidiary is 3rd Fed Bank, which runs 18 retail and commercial banking offices in Pennsylvania and New Jersey.
- GIC and Insight buy iParadigms for $752m
Current owner Warburg Pincus gained a 6x return on its investment from the sale.
- 3i set to return to FTSE 100
The London-listed group, which was dropped from the index in September 2011, has been part of the FTSE 100 twice before.
- Warburg, Vestar mull Triton Container IPO
Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering of Triton Container International Ltd that could value the company at more than $6 billion, including debt, said three people familiar with the matter.
- Insight Venture Partners to acquire iParadigms
iParadigms is to be acquired for $752 million by Insight Venture Partners and GIC, Singapore's sovereign wealth fund. iParadigms is a provider of cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning.
Hunger for GrubHub shows IPO market still has appetiteA total of 11 U.S.-based, venture-backed companies went public on U.S. exchanges in April, down from 18 in March, but up substantially from a year ago
VCs on the move Jun 1, 2014Canadian angel joins a16z; Stein lures Melton to return to DFJ