Warburg Pincus related stories
All articles and analysis
Warburg Pincus-backed Cortview Capital Starts Business OperationsCortview Capital Securities LLC, a Richmond, Va.-based broker-dealer, commenced business operations. Warburg Pincus LLC invested $125 million in the business. Cortview Capital has offices in New York; Charlotte, N.C. and Boca Raton, Fla.
- Kosmos Could Be Valued At $5 Billion If Goes Public: Report
(Reuters) - The private equity backers of oil firm Kosmos Energy are considering taking it public in either the U.K. or U.S., which could value the company at around $5 billion, the Financial Times reported on Thursday. Kosmos, backed by private equity firms Warburg Pincus (WP.UL) and Blackstone Group LP (BX.N:), had agreed to a deal last year to sell its interests in Ghana's Jubilee oilfield to Exxon Mobil Corp (XOM.N:) for $4 billion, sources close to the deal had said at the time.
- Bain Beats Warburg In Air Medical Auction
Just a short post on the Air Medical Group sale before I head out for the weekend. Bain Capital inked a deal last night to buy Air Medical for $1 billion. Brockway Moran & Partners and MVP Capital Partners are the sellers. Air Medical, which flies people in need of critical care to hospitals or medical centers, is a combination of several companies that the Brockway and MVP began buying in 2004. The sale to Bain is expected to close during the third or fourth quarter.
- Sterling Financial Completes $730 Million Recap
Sterling Financial Corp. said Thursday that its completed its previously announced $730 million recapitalization. The deal includes investments from Warburg Pincus and Thomas H. Lee. Each PE firm agreed to invest $170 million each.
- peHUB Wire: Tuesday, August 24, 2010
Random Ramblings
- peHUB Wire: Tuesday, August 24, 2010
Random Ramblings
- Sterling Financial Amends Recap Raise
Sterling Financial Corp. (Nasdaq: STSA) today announced new terms of its recapitalization, including amendments to existing financing agreements from Warburg Pincus and THL Partners. The bank holding company now plans to raise a total of $730 million, including $171 million from each of the two private equity firms. THL originally agreed to invest $175 million, but then lowered that to $138 million -- in order to match a subsequent commitment from Warburg Pincus.