Warburg Pincus related stories
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Rib-X Pharmaceuticals Files for I.P.O.Rib-X Pharmaceuticals Inc., a New Haven, Conn.-based pharmaceutical developer, has filed plans for an initial public offering to raise up to $80 million. The company had previously raised capital from investors including Warburg Pincus, ABS Ventures, Axiom Ventures, EuclidSR Partners, MedImmune Ventures, Oxford Bioscience Partners and S.R. One. Deutsche Bank Securities will act as the sole book-running manager for the offering. William Blair & Company, Lazard Capital Markets and Needham & Co. will act as co-managers.
- Accel-KKR Deals Majority Position in Endurance International to GS Capital, Warburg
Private equity firms Warburg Pincus and GS Capital Partners will acquire the majority position in Endurance International Group, a hosting service for online businesses, from investor Accel-KKR, which will retain a stake in the company. Specifics on the deal were not publicized. Credit Suisse acted as the financial advisor to Warburg Pincus and provided the debt financing for the transaction. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Warburg Pincus and Goodwin Proctor LLP acted as legal advisor to GS Capital Partners. Morgan Stanley served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Endurance and Accel-KKR.
- Warburg Deals MLM Info Services
Corporation Service Co., the business consulting and solutions company, will acquire MLM Information Services, the tax management and compliance services firm, from private equity firm Warburg Pincus. CSC did not disclose a purchase price. Wells Fargo Securities acted as financial advisor to CSC, and Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice. Willkie Farr & Gallagher LLP provided legal advice to Warburg Pincus and MLM Information Services.
- RegionalCare Merges with Essent
RegionalCare Hospital Partners has completed its merger with Essent Healthcare. Terms of the deal were not released. The combined company, which operates under the RegionalCare name, now owns seven hospitals across six states. Essent is backed by Vestar Capital Partners and Cressey & Co.
- peHUB First Read
Ruh-Roh: Warburg Pincus http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/8858555/Gort-Falcon-sues-Warburg-Pincus-venture-after-joint-property-deal-turns-sour.html sued after Romanian property deal tanks Mark Suster on why you should ban laptops http://techcrunch.com/2011/10/31/why-you-should-ban-laptops-at-board-meetings/ at board meetings So Does This Kid win something? Seven billionth http://www.reuters.com/video/2011/10/31/7-billionth-born-in-philippines?videoId=224058160&videoChannel=1 person on earth is born How to Get the Mouse in Your House: Netflix, Amazon score Disney http://www.reuters.com/article/2011/10/31/us-netflixdisney-idUSTRE79U0O420111031 deals Well-Founded, Too: Regulators had “grave concerns http://dealbook.nytimes.com/2011/10/31/regulators-had-grave-concerns-about-mf-global/ ” about MF Global Chinese Whispers: VC http://techcrunch.com/2011/11/01/vc-in-china-6-to-10x-growth-in-past-ten-years/ in China going strong Going it Alone: Morgan Stanley India http://www.reuters.com/article/2011/11/01/morganstanley-fund-idUSL4E7M114W20111101 property fund head follows trend for top Indian PE execs to set up own funds Splashing the Cash: Apple http://allthingsd.com/20111031/apple-is-going-to-spend-a-lot-of-money-on-something/ gets ready for a $8 billion splurge Let's go surfing now...Appcelerator http://gigaom.com/2011/11/01/appcelerator-rides-the-app-wave-with-15-million-in-funding/ rides the app wave with more funding A perfect fit: Auditude http://gigaom.com/video/adobe-buys-auditude-reportedly-for-about-100-million/ meshes neatly with Adobe Systems No support: ISS http://www.reuters.com/article/2011/11/01/g4s-iss-idUSL5E7M10JP20111101 bid scuppered by shareholder backlash
- 3 PE firms Buy 25% of Santander Consumer USA--UPDATED
Three PE firms--Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners--have bought 25% of Santander Consumer USA, the U.S. affiliate of Grupo Santander that provides automotive fiancing. The PE firm have invested $1 billion while Dundon DFS has put in $150 million. Deutsche Bank and Barclays Capital provided financial advice to the PE firms. UPDATED: Goldman Sachs along with Ken McPhail, David Adler and Varun Wadhawan of BofA Merrill Lynch advised Santander.