Warburg Pincus related stories
All articles and analysis
- Consolidated Precision Products to Buy Turbine Technologies Group
Consolidated Precision Products Corp., which is backed by Warburg Pincus, said Wednesday that it has agreed to buy Turbine Technologies Group. ESCO Corp. is the seller. Financial terms were not announced. Warburg said it plans to invest additional capital into CPP to assist in financing the deal. Pomona, Calif.-based CPP makes highly-engineered components and sub-assemblies for the commercial aerospace and defense markets. Lazard advised CPP while Goldman Sachs provided financial advice to ESCO.
- Reuters - Warburg Pincus Selling Scotsman
Private equity firm Warburg Pincus has agreed to sell Scotsman Industries Inc. to Italian food service equipment firm Ali Group for about $575 million, the Wall Street Journal reported, citing people familiar with the deal. Warburg, which bought the ice machine maker in 2009 for $160 million, made back its investment in Scotsman before the sale, collecting about $200 million in dividend payments, the Journal said.
- Spectrum to Become Seamless' Largest Shareholder
Spectrum Equity is now the largest shareholder of Seamless. Yesterday, ARAMARK said it would spin-off its interests in Seamless, the New York online and mobile food ordering service, to its shareholders. ARAMARK's investors including GS Capital Partners, CCMP Capital, Thomas H. Lee Partners and Warburg Pincus
- Cinven and Warburg Pincus Successfully Place Ziggo Shares
Following the press release of this morning, Ziggo's major shareholders, Cinven and Warburg Pincus and their co-investors have successfully placed 37 million ordinary shares of Ziggo N.V. at a price of 24.75 euros ($31.21) per share, resulting in gross cash proceeds of 915.75 million euros. There is also an over-allotment option for up to an additional 3 million shares.
- Reuters - KKR Bets on Southeast Asia
KKR is opening a Singapore office, writes Reuters. The New York-based firm is pushing ahead with raising a $6 billion Asia private equity fund, which would be the largest such fund ever devoted to the region.
- Cinven and Warburg Pincus Plan to Further Reduce Ziggo Stake
Ziggo's major shareholders, Cinven and Warburg Pincus are to further reduce their stake in the company due to strong investor demand. Ziggo is a Dutch provider of entertainment, information and communication through television, Internet and telephony services.
- Pierpoint Completes Buy of Cortview Capital
Pierpont Securities Holdings, which is backed by Stone Point Capital and General Atlantic, has closed its buy of Cortview Capital Holdings after receiving FINRA approval. The two companies will continue to operate as separate broker-dealers until first quarter when the two firms will combine into a single entity called Pierpont Securities. Cortview, a Richmond, Va.-based broker-dealer, was launched in 2010 /81482/warburg-pincus-backed-cortview-capital-starts-business-operations/ with a $125 million investment from Warburg Pincus.
- Laredo Petroleum Launches Secondary Public Offering
Laredo Petroleum Holdings has launched a secondary public offering of 12,500,000 shares of its common stock by affiliates of Warburg Pincus, the selling stockholders. The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by the company or its management.
- Primerica Announces Repurchase of Shares Held By Warburg Pincus (Again)
Primerica, the Duluth, Ga.-based financial services company, is repurchasing 2,087,682 shares of Primerica common stock owned by Warburg Pincus at a purchase price of $28.74 per share. Following the transaction, Warburg will own approximately 15 percent of Primerica's outstanding common stock and approximately 20.7 percent including the warrants to purchase Primerica common stock that's currently held by Warburg Pincus.