Warburg Pincus related stories
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Warburg Pincus Will Pay $227.3M For ReSearch PharmaPrivate equity firm Warburg Pincus will acquire ReSearch Pharmaceutical Services Inc. in a deal valued at roughly $227.3 million, Reuters said. The firm has offered $6.10 per shares for the clinical research firm.
- Which PE Firm Was the King of Deals in 2010?
Which buyout shop scored the most deals in 2010? Was it KKR? The Blackstone Group? Quien es mas macho? The answer should be obvious. The Carlyle Group emerged as the Kings of deals in 2010. The Washington D.C. PE firm had 43 deals in 2010, valued at $18.9 billion, more than any other firm. In fact, Carlyle had the most transactions in the top 10 (three deals: Syniverse, Commscope and NBTY), according to Preqin.
- The Top Ten Private Equity Deals of 2010
Private equity deals rebounded with a bang in 2010. In fact, for the first time since 2007, buyout transactions globally are expected to hit more than $200 billion, according to Preqin. So far there have been 2,028 PE deals this year, valued at $196.7 billion as of Dec. 20. This compares to last year when 1,530 deals raised $87.6 billion for all of 2009. This year's totals also beat out 2008's when there were 2,117 PE transactions, valued at $180.2 billion, according to Preqin data.
- PE-Backed Kosmos Energy Reaches Agreement with Ghana
Kosmos Energy, which is backed by private equity firms Blackstone Group and Warburg Pincus, reached an agreement with the government of Ghana, and the country's state oil company, to resolve issues around its corporate structure, Reuters reported. Kosmos, an oil exploration firm, owns 23.49% of Ghana’s Jubilee offshore oilfield. The firm has been attempting to sell its Ghana assets, but had to call off a $4 billion deal in August after resistance from Ghana National Petroleum Corp., Reuters said.
- Warburg Pincus Pours $75 Million into Quest Global Services
New York-based private equity firm Warburg Pincus has paid $75 million for a minority stake in outsourced engineering services firm Quest Global Services. Singapore-based Quest Global, which has more than 2,000 employees across India, the US, Japan and Europe, has customers in the aerospace and defense and energy industries. The company will use the new funding for growth.
- Sheridan Production Nets $1.8B For Oil and Gas Investments
Houston-based Sheridan Production Partners has raised $1.8 billion for its second fund: Sheridan Production Partners II. The firm, which focuses on acquiring oil and gas properties across the U.S., aims to expand its holdings in East Texas, Louisiana and the Rocky Mountain region. The firm has raised more than $3 billion in equity since it was formed in 2006 by Sheridan Management and Warburg Pincus.
- Warburg Pincus Leads $9.5M Round for Better Advertising
Warburg Pincus has led a $9.5 million investment in the Better Advertising Project. The round will help Better Advertising expand its platform, which is designed to give consumers more transparency into how their information is used online. New York-based Better Advertising was created inside of Warburg Pincus in 2009 while its CEO Scott Meyer was an entrepreneur-in-residence at the firm. The company's management team also participated in the round.
- Racebrook Capital To Auction 150 US Consumer Products and Retail Brands
Racebrook Capital LLC of New York plans to auction a portfolio of 150 U.S. consumer products and retail brands on Dec. 8. The brands cover 13 business categories including personal care, food & beverage, corporate, apparel, home, consumer goods, technology, financial institutions, toys, travel, magazine, environmental and sports. Some of the brands on the block include: American Brands Inc., Handi-Wrap and Meister Brau.
- Warburg Pincus Buys International Technidyne For $55 Million
Private equity firm Warburg Pincus has acquired International Technidyne for $55 million in cash, and has merged the company with clinical diagnostics company Nexus Dx. International Technidyne, based in New Jersey, provides hemostasis management and point-of-care testing products. Nexus Dx is based in San Diego, Calif.