Warburg Pincus related stories
All articles and analysis
- Human Capital
Large buyout firms may have fallen off the deals radar in the last several months, but they’re still making investments – in human resources. In part one, Robert Venes looks at KKR and Blackstone’s activity in 2008.
- Wellman Reorg Plan Approved By Bankruptcy Court
Wellman Inc., a bankrupt portfolio company of Warburg Pincus, said that the court has approved its reorganization plan. This company will sell $120 million of convertible notes via a rights offering in exchange for $90 million in cash, with its first and second-lien holders tol receive 70% and 30% of its common stock, respectively.
- PE Week Wire: Tuesday, November 18, 2008
Random Ramblings
- PE Week Wire: Tuesday, November 18, 2008
Random Ramblings
- What Funds Did CalPERS Sell?
The California Public Employees' Retirement System has finally updated http://www.calpers.ca.gov/index.jsp?bc=/investments/assets/equities/aim/private-equity-review/aim-perform-review/home.xml its private equity performance data, which was a couple of quarters behind when I called to complain last week /22946/calpers-falls-behind-on-disclosure/ The revised data now brings us through the end of Q2 2008, which makes sense given traditional lag-times in GP reporting and the need to reconcile those reports with actual cash-flow data. But something is missing. Actually, there are 96 things missing -- 96 funds listed in the prior report that are not listed in the new report. What this means is that CalPERS disposed of over 25% of its private equity fund investments between the end of 2007 and the end of June 2008 (not including 2008-vintage funds or the California Emerging Ventures portfolios). Some of these funds may have simply run their natural course, like a Warburg Pincus vehicle from 1990. But the majority are of more recent vintage, including seven funds raised in 2005 and ten funds raised in 2004. This almost certainly means secondary sales, perhaps as part of a PE portfolio reorganization
- Warburg Pincus Doubles Down on Laredo Petroleum
Laredo Petroleum, a Tulsa-based oil and gas company, has secured its second $300 million equity line from Warburg Pincus.
- PE Week Wire: Tuesday, November 11, 2008
Random Ramblings
- PE Week Wire: Tuesday, November 11, 2008
Random Ramblings