Warburg Pincus related stories
All articles and analysis
PE-backed Avantor Pays $100M For Indian Biotech FirmIndian private equity fund ICICI Venture sold its stake in biotech company RFCL to U.S.-based Avantor Performance Materials, Reuters reported. Avantor paid roughly $100 million for the 85% stake in RFCL, which develops technology for the pharmaceutical and biotech industries. RFCL is based in New Delhi. Avantor is owned by New York-based private equity firm New Mountain Capital.
- Warburg Pincus Commits $250M to Gulf Coast Energy Co.
Private equity giant Warburg Pincus will invest up to $250 million in Gulf Coast Energy Resources, a Houston-based company focused on onshore oil and gas exploration and production. Gulf Coast Energy Resources, which was formed this year, aims to identify and acquire and oil and gas fields across the coasts of Texas and Louisiana.
- Bidding war for Kosmos Energy’s Ghana assets continues
China’s CNOOC and Ghana National Petroleum Corp have made a higher bid than Exxon Mobil for the assets of Kosmos Energy LLC, including a stake in the Jubilee field. CNOOC and GNPC bid $5 billion, compared to the $4 billion Exxon bid, for the assets, which are currently owned by private equity firms Blackstone and Warburg Pincus.
- PE Firms On The Hunt For Banks, Again: UPDATE
PE firms are on the hunt for banks again, several sources say. Interest is so great that i-bank Sandler O’Neill & Partners is handling mandates from at least 15 banks that are looking to recapitalize. And the primary source of new funds? Buyout shops. “All the small banks in the world are trying to find new capital,” says one banker. “PE is the only real money for any deal,” adds a buyout executive. Independent Bank Corp., parent of Independent Bank, and AnchorBancorp Wisconsin, which owns AnchorBank, are each in talks with PE firms for funding, sources say.
- Warburg Pincus To Invest Up To $8 Million In eCert
Warburg Pincus agreed to invest up to $8 million to support in eCert Inc. eCert is a San Francisco, Calif.-based company that offers protection against e-mail fraud.
- Three U.S. PE firms eye Indian motorcycle investment
Three U.S. private equity firms, Carlyle, Kohlberg Kravis Roberts & Co and Warburg Pincus, are negotiating a possible purchase of a 15 to 18 percent stake in Hero Honda Motors, the top Indian motorcycle manufacturer, according to reports. Japan’s Honda Motor holds 26 percent of the company.
- Durata Therapeutics Forms A Senior Leadership Team
Durata Therapeutics Inc. formed a senior leadership team. It named Paul R. Edick as chief executive officer, Corey N. Fishman as chief operating officer and Michael Dunne as chief medical officer. Durata is a Morristown, N.J.-based biopharmaceutical company that is backed by Aisling Capital, Canaan Partners, Domain Associates LLC, New Leaf Venture Partners LLC and Sofinnova Ventures Inc.
- Warburg Pincus invests $150M in National Penn Bancshares
Private equity firm Warburg Pincus has invested $150 million in National Penn Bancshares, Inc, through the purchase of newly issued common stock at $6.05 per share, the bank announced. Warburg Pincus will initially invest $63.3 million, the rest following after regulatory approval, which should be granted in the fourth quarter of 2010.
- Warburg Commits to Invest CDN$35 Million in Protox
Warburg Pincus has committed to invest CDN$35 million in Protox, which develops receptor targeted fusion proteins for the treatment of diseases of the prostate and cancer. Warburg is a global PE firm.
- 1H 2010 investment in Latin American more than all 2009
The level of investments in Latin America made in the first six months of 2010 was greater than that made in all of 2009, according to the Latin American Venture Capital Association. $3.8 billion worth of new investments were completed in the first half of 2010, compared to $3.27 billion in all of 2009. Brazil attracted 66 percent of that investment.