Warburg Pincus related stories
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Skyera Hires David MartinDavid Martin has joined Skyera Inc., a provider of enterprise solid-state storage systems, where he will focus on corporate and business development. Previously, Martin served as the CEO In Residence at Warburg Pincus. He has also worked as CEO of startup companies Qlusters and Entegrity Solutions.
- Reuters – Investors Find More Money for PE Deals
Investors found more money for private equity deals in the third quarter, with private equity houses raising more than $64 billion, according to figures from private equity data group Preqin. The amount raised is more than 10 percent higher than the same period last year and could rise by another 10-20 percent as more data becomes available, Reuters reported Monday. Private equity houses have raised more than $200 billion year to date, according to Preqin.
- No Shocker Here--Carlyle is Q3's Most Active PE Shop
What was the busiest private equity? In third quarter, the Carlyle Group led or took part in 18 U.S. announced mergers during the time period, valued at $16.3 billion. BC Partners was a distant runner up.
- Reuters - Chinese Hotel Chain 7 Days Receives Go Private Offer
Chinese economy hotel chain 7 Days Group Holdings Ltd has reported a group led by its co-chairmen has proposed to take it private in a deal valued at $634.7 million, writes Reuters. The group of shareholders, including co-chairmen Boquan He and Nanyan Zheng as well as the Carlyle Group and Sequoia Capital China, has offered $12.70 per American depositary share, writes Reuters.
- Reuters - Warburg Pincus Sells More of Moser Baer at Huge Loss
Warburg Pincus has sold almost half of its remaining stake in Delhi-based Moser Baer India, writes Reuters. The PE firm, which had pumped in over $200 million in public listed optical media products maker during 2000-04, has part-exited, having lost over 95 per cent of its investment value, as per VCCircle estimates, writes Reuters.
- Will First American Payment Finally Find a Buyer?
First American Payment, which is backed by Lindsay Goldberg, is reportedly up for sale. The payment processor produces about $80 million EBITDA and is looking to sell for 9x, Reuters says. First American last tried to sell itself in 2010, when several PE firms abandoned the auction.
- Pine Brook Set To Raise $2B Sophomore Fund
Pine Brook Partners, a fund that specializes in early-stage private equity investments in the energy and financial services industries, is wading again into the fundraising pool, trying to raise $2 billion for its sophomore fund, Pine Brook Capital Partners II LP, according to a recent filing with the Securities and Exchange Commission.