Warburg Pincus related stories
All articles and analysis
Private Equity Firms Exit ZiggoPrivate equity firms Cinven and Warburg Pincus and co-investors completed their exit from Dutch cable firm Ziggo on Friday in a placement of their remaining holdings for about 875 million euros ($1.14 billion).
peHUB First ReadIn First Read, we wonder why Yahoo's chairman was booted, Amazon's Q1 results and George Soros gets a stake in JC Penney.
- S.C. Pension, Treasurer Feud Over Capital Call
In the on-again, off-again war of attrition between South Carolina’s state treasurer, Curtis Loftis, and the rest of the South Carolina Retirement System Investment Commission, where Loftis is a voting member, a stalemate has ensued after the state’s Supreme Court dismissed a case that the commission brought to compel Loftis, who as treasurer is also the pension’s banker, to fund a capital call for a Warburg Pincus private equity fund.
Global Private Equity Funding Solid In 1QPrivate Equity International found that $69.3 billion was raised globally by 130 private equity funds in the first quarter of 2013. The figure is similar to 2012 when on average $73.7 billion was raised in each quarter. However, the total represents a significant upside vs. fund targets of $59.9 billion - a suggestion of rising LP confidence.
- Reuters - Warburg Pincus Takes Stake in Avtec
U.S. private equity firm Warburg Pincus LLC has bought a minority stake in Indian engineering equipment maker Avtec Ltd, but the terms of the transaction were not disclosed, Reuters reported. The investment will provide an exit to British investor Actis and will be utilised to fund future growth of the company, Avtec said in a statement. In 2005, Actis invested $17.8 million to buy a 30 percent stake in the company, promoted by diversified C.K. Birla Group.
- Reuters – KKR Buying Controlling Stake in Alliance Tire
U.S. buyouts firm KKR & Co L.P. has agreed to buy a controlling stake in Alliance Tire Group from Warburg Pincus, the three companies said on Friday, without disclosing details of the transaction. The deal would be the biggest private equity transaction in India after Bain Capital paid about $1 billion to buy a 30 percent stake in business process and technology services provider Genpact in August 2012. The U.S. private equity firm will put in slightly over $300 million of its own money to buy an over 75 percent stake in Alliance, a source familiar with the matter told Reuters on Friday.