Warburg Pincus related stories
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Reuters - PE Firms Push into India Healthcare DealsPrivate equity funds quadrupled their investment in India's primary healthcare, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters and check into modern chains sprouting up across Asia's No.3 economy, Reuters wrote. Goldman Sachs Group Inc, Warburg Pincus, Sequoia Capital and the Government of Singapore Investment Corp. are among investors that pumped $520 million into India's basic healthcare industry this year, compared with $137 million in 2011, according to Thomson Reuters data. Some analysts predict investment will surpass $1 billion in 2013.
- Warburg Pincus Seeks $10B+ For Bausch & Lomb
Warburg Pincus LLC has mandated Goldman Sachs Group Inc to explore a sale of eye care company Bausch & Lomb Inc, hoping to fetch more than $10 billion, a person familiar with the matter tol sister new service Reuters on Dec. 11.
- Warburg to Buy CROSSMARK
Warburg Pincus has agreed to make a majority investment in CROSSMARK. Financial terms were not announced. Company management will have a "significant" equity position. Plano, Texas-based CROSSMARK is a sales and marketing services company in the consumer goods industry. BofA Merrill Lynchadvised CROSSMARK, while Slava Leykind and Fuad Sawaya of Sawaya Segalas provided financial advice to Warburg.
- KKR Raises $6B Asia Fund, Region's Largest
Kohlberg Kravis Roberts & Co. has finished raising $6 billion for its second pan-Asia fund, sources told sister news service Reuters, in the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns.
- KKR Raises $6B Asia Fund
KKR & Co L.P. has finished raising $6 billion for its second pan-Asia fund, according to sources, the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns, Reuters wrote Sunday. KKR's latest Asia fund, which follows a $4 billion regional fund it raised in 2007, is over-subscribed, the sources told Reuters, meaning demand exceeded the current total despite challenges facing investors putting money into the region's slowing economy.
- Québec's Caisse de dépôt Invests C$400M in MEG Energy
Pension fund manager Caisse de dépôt et placement du Québec announced it has made a private placement in Calgary, Alberta-based oil sands developer MEG Energy Corp. The investment, totaling C$400 million, is expected to close before the end of this year. MEG Energy was formerly backed by private equity investors KERN Partners and Warburg Pincus. The company completed a C$700 million IPO in 2010.
- Reuters - Warburg Seeks Over $10bn for Bausch & Lomb
strong>Warburg Pincus has mandated Goldman Sachs Group to explore a sale of eye care company Bausch & Lomb Inc, hoping to fetch more than $10 billion, writes Reuters. The company was taken private by Warburg Pincus in 2007 for about $4.5 billion, including $830 million of debt.
- Oregon Commits $400M To Several PE Strategies
The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.
- Oregon Commits $400M To Several Strategies
The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.
- Warburg Pincus Adds Lee Kranefuss as EIR
Warburg Pincus has appointed Lee Kranefuss as an executive-in-residence. Kranefuss, formerly the architect and Global Chief Executive Officer of iShares, will help Warburg Pincus identify and evaluate investment opportunities in the areas of exchange-traded funds, index investing and asset management, particularly in Europe, Asia and Latin America.