Warburg Pincus related stories
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peHUB Wire: Monday, July 20, 2009Breaking Down Blackstone
- Warburg Pincus Forms Hospital Platform
Warburg Pincus has committed up to $300 million to the formation of RegionalCare Hospital Partners, a hospital acquisition platform focused on non-urban markets. It will be led by CEO Martin Rash, former CEO of Province Healthcare.
- peHUB Wire: Friday, July 17, 2009
Friday Feedback
- peHUB Wire: Friday, July 17, 2009
Friday Feedback
- Weekly Downgrades: How Is Portfolio Company Debt Performing?
As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from Standard & Poor’s and Moody’s Investor Services. This week saw downgrades on yet another distressed debt exchange (Duane Reade) and a post-debt exchange upgrade. Rounding it out were a handful of bankruptcy-related withdrawals. Company: Duane Reade Inc. Sponsor: Oak Hill Capital Management Downgrade: S&P lowered its corporate credit rating on the company to 'CC' from 'CCC+' and lowered the subordinated debt rating to 'CC' from 'CCC-'. Moody’s downgraded the company’s probability of default rating to Ca from Caa2. Highlight: The downgrade follows Oak Hill’s announcement to launch a distressed debt exchange for the company. “We view this offer as being tantamount to default given that Duane Reade's highly leveraged capital structure that we believe may be unsustainable over the intermediate term, and the company's weak financial profile.”
- peHUB Wire: Thursday, July 9, 2009
Random Ramblings
- peHUB Wire: Thursday, July 9, 2009
Random Ramblings
- WHEB Ventures Raising Third Fund
WHEB Venture Partners, a European VC firm focused on cleantech, has raised £90 million for its second fund, and plans to close on a total of £150 million by year-end.
- LBO exits dwindle as education IPOs soar
PE-backed Bridgepoint and Rosetta Stone make the biggest splash in the quarter