Warburg Pincus related stories
All articles and analysis
PE-Backed Protox Inks $15MProtox Therapeutics Inc., a Canadian developer of treatment of urological diseases, has sealed a $15 million loan agreement with Oxford Finance. The company, which is backed by Warburg Pincus, will use the money for its late stage drug development program for the treatment of Benign Prostate Hyperplasia. Last fall, Protox inked a commitment from Warburg Pincus to put up to $35 million into the company Protox competed a $10 million first tranche of that financing in November. Protox is traded on the Toronto Stock Exchange.
- Polypore International Adds To Its Board
Charlotte, N.C.-based Polypore International has added David Roberts to its board of directors. Roberts is president and chief executive of Carlisle Companies, a Charlotte-based, listed manufacturing company focused on construction materials. Roberts replaces David Barr, of Warburg Pincus, on the board. Additionally, Polypore Chief Executive Robert Toth replaces Michael Graff as chairman of the board. Graff is a managing director at Warburg Pincus. He remains on the board as “lead independent director.”
- Silicon Valley Bank Parent Eyes Britain, Expansion
Silicon Valley-based bank is planning to expand overseas through partnerships and acquisitions
- IPO Profiles from May 2011
Profiles of 11 VC-backed companies that debuted in May 2011, including The Active Network and Renren
- Appetite Rises for European PE
In a 180-degree turn from the pessimism earlier this year, PE firms are surging in activity
- Slideshow: Top 10 PE-backed Deals This Year
Worldwide M&A increased 40% to $1.4 trillion for global announced transactions, according to data from Thomson Reuters. Surprisingly, second quarter's results showed a slow down. Second quarter announced M&A dropped 22% to $611 billion from Q1's $791 billion, Thomson Reuters said. Buyouts were more positive. Globally, PE-backed M&A hit $112.2 billion during the first half of this year, a 40% boost from the same time period in 2010. U.S. targets accounted for 41% of first half activity, Thomson Reuters said. There's been a lot of talk about when large LBOs will return. We have yet to see a $10 billion-plus deal hit the market. We did get close, though (you have to look at the list to find out). So what was were the largest buyouts this year? Here's a ranking of the top 10 PE-backed transactions so far in 2011, according to Thomson Reuters.
- peHUB Second Opinion
Break Down: Budget talks near collapse http://www.nytimes.com/2011/06/24/us/politics/24fiscal.html?hp after Rep. Eric Cantor walks out. Being Ruthless: FTC to serve Google with civil subpoenas http://professional.wsj.com/article/SB10001424052702303339904576403603764717680.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29&utm_content=Google+Reader&mg=reno-secaucus-wsj as it investigates whether the company has abused its web dominance. Pottermore: J.K. Rowling's isn't writing an eighth novel http://www.reuters.com/article/2011/06/23/us-publishing-harrypotter-ebooks-idUSTRE75M1ZN20110623 but the Harry Potter novels will be available as ebooks in October. Beekeepers: How long before Nomura realizes its true passion http://dealbreaker.com/2011/06/how-long-before-nomura-realizes-its-true-passion-expands-into-jam-jelly-production-and-ditches-this-banking-crap/ expands into jam & jelly production, and drops this banking crap? And The Winners Are: Bain, Hellman & Friedman beat out Carlyle and Stanley Black & Decker http://www.reuters.com/article/2011/06/23/us-securitas-direct-idUSTRE75M5RG20110623?feedType=RSS&feedName=innovationNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FdealsNews+%28News+%2F+US+%2F+Deals+News%29&utm_content=Google+Reader to buy Securitas Direct. Looking for $$$: Warburg Pincus is preparing to raise http://www.reuters.com/article/2011/06/23/us-warburgpincus-idUSTRE75M0SE20110623?feedType=RSS&feedName=innovationNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FdealsNews+%28News+%2F+US+%2F+Deals+News%29&utm_content=Google+Reader a new buyout fund. Noteworthy Youtube Video: Eli and Payton Manning star in a fictional TV series http://mashable.com/2011/06/23/football-cops/ Football Cops.