Warburg Pincus related stories
All articles and analysis
IPO Profiles, June 2010Detailed profiles of the six VC-backed companies that went public in June 2010: BroadSoft,Fabrinet, HiSoft Technology International, Motricity, Tesla Motors and Vringo
- IDC Goes Private for $3.4 Billion
Silver Lake Partners and Warburg Pincus have completed their take-private buyout of financial information provider Interactive Data Corp. The $22.86 per share deal valued IDC at approximately $3.4 billion.
- peHUB Wire: Friday, July 30, 2010
(Lots of) Random Ramblings
- peHUB Wire: Friday, July 30, 2010
(Lots of) Random Ramblings
- Latest PE/VC Fund Performance Data from UTIMCO
The University of Texas Investment Management Co. (UTIMCO) was the first public institutions to regularly provide fund-level performance data for its private equity portfolio, and remains the most up-to-date. While CalPERS, for example, is still listing numbers as of December 31, UTIMCO just sent over a marks through the end of May (yes, this May). Included are IRRs and other figures for nearly 200 venture capital and buyout funds (plus some funds-of-funds and credit vehicles). Among the more notable names on the VC side are Austin Ventures, Foundry Group, Foundation Capital, Morgenthaler Ventures, Spark Capital and Union Square Ventures. The buyout group includes virtually all the big names: Apollo, Blackstone, Carlyle, KKR, Hellman & Friedman, TPG Capital, Warburg Pincus and more. Get the data after the jump...
- Executive Health News Is Old News
Bloomberg today reported http://www.bloomberg.com/news/2010-07-27/unitedhealth-said-near-1-5-billion-purchase-of-executive-health-resources.html that UnitedHealth Group is in talks to buy Executive Health Resources from ABRY Partners for approximately $1.5 billion. Pretty sure we read that price-tag and buyer somewhere before... Oh yeah, at peHUB last week /77985/executive-health-sale-now-focused-on-strategics/ In case you missed it (and aren't sick of it yet), peHUB previously reported Executive Health's talks with Ingenix (a health IT unit of UnitedHealth), as well as with other bidders /78094/the-bidders-for-executive-health-are/ Bloomberg says that UnitedHealth plans to add Executive Health to Ingenix’s database management and consulting unit.
- Executive Health Sale Now Focused on Strategics
Just a short update on Abry Partners' auction for portfolio company Executive Health Resources: peHUB has learned that the sale of Executive Health has narrowed to strategics, with the financial sponsors having dropped out. One of the remaining bidders is Ingenix, which is owned by United Health Group. Ingenix, a health information technology and services company, recently agreed to buy Picis, which provides health information services for high acuity areas of hospitals like the ER, OR and intensive care units.
- Secondaries Seeing a Rebound
After a surprisingly sluggish 2009, secondary dealmaking is on the rise. The latest deal comes from Bank of America, which reportedly is selling http://online.wsj.com/article/SB10001424052748703467304575382882221409708.html?mod=googlenews_wsj $1.2 billion of commitments made to various Warburg Pincus funds. Around half of it will go to Lexington Partners and China Investment Corp. This comes just a couple of months after BoA sold a $1.9 billion portfolio of PE fund interests to the secondary arm of AXA Private Equity. Earlier this month, Citigroup agreed to sell /76349/exclusive-citi-unloads-900-million-private-equity-portfolio/ $900 million of PE interests to Lexington Partners, while RBS reportedly is close to selling a $500 million portfolio to Alpinvest.
- Calient Technologies Raises $10 Million
Calient Technologies Inc., a Santa Barbara, Calif.-based provider of photonic switching solutions, has raised $10 million in new funding. It also named Arjun Gupta, founder of TeleSoft Partners and an existing Calient shareholder, as chairman.
- Triago CEO: PE Shakeout "Will Be Huge"
Antoine Dréan, founder and CEO Triago, expects a shakeout in the PE world that could see as much as half of buyout funds disappear. There were roughly 250 U.S. focused private equity funds raised between 2005 and 2007, raising $222 billion, according to data from Preqin. This compares to only 38 U.S. focused funds raising $32.1 billion in 2009. Dréan says that many of the new entrants were "me too" operations raised by institutional investors with little direct investing experience, and whose returns have been dreadful. “Most of these funds will have a tough time going forward. It will be difficult as to their next fundraising,” he says.