Warburg Pincus related stories
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- Warburg Pincus backs SCM Insurance Services
Warburg Pincus has made an investment in SCM Insurance Services, a Canadian insurance services provider. No financial terms were disclosed. Morgan Stanley served as financial adviser to SCM on the transaction. SCM is also backed by TorQuest Partners.
- PE-backed Zenith U.S. to buy Arc Logistics for $16.50 per share
Zenith Energy U.S., which is backed by Warburg Pincus, has agreed to acquire Arc Logistics, a limited partnership that owns, operates, develops and acquires energy logistics assets, for $16.50 per share. The sellers included Lightfoot Capital Partners. The deal is expected to close in either the fourth quarter of this year or early 2018. Kirkland & Ellis LLP are serving as legal advisers to Zenith U.S. while Barclays and Credit Suisse are providing financial advice.
- Warburg Pincus invests in eSentire
Warburg Pincus has made an undisclosed investment in Cambridge, Ontario-based eSentire, a provider of managed cybersecurity services. Evercore served as financial adviser to eSentire on the transaction.
Warburg Pincus to invest in eSentire, provide liquidity to VCsU.S. private equity firm Warburg Pincus has agreed to make an investment in eSentire Inc, a Cambridge, Ontario-based managed detection and response services provider. No financial terms were released for the deal, which is expected to close in September. It will accelerate eSentire’s next growth phase by expanding cybersecurity services to existing clients and outreach to new clients. The deal will also provide liquidity to eSentire's existing investors. The latter include Edison Partners and Georgian Partners, which led the company's US$19.5 million financing last year /canada/2016/2/edison-partners-georgian-partners-lead-27-mln-funding-of-esentire/ as well as Cisco Investments, Northleaf Capital Partners and Information Venture Partners.
- Warburg Pincus-backed ESR in talks to buy Singapore's Sabana REIT: Reuters
Warburg Pincus-backed e-Shang Redwood (ESR) is in advanced talks to buy struggling Sabana Shariah Compliant Industrial REIT, sources familiar with the process said, in a likely first consolidation step in Singapore's $3.5 billion mid-cap industrial trusts sector, Reuters reported.
- Fund restructuring comes of age
Successful GP-led secondaries transactions involving high-quality firms may herald the end of the fund restructuring stigma.
- Warburg taps China wealth management market
The New York-based firm is set acquire a minority stake in Shanghai-based wealth management firm Fortune SG from French bank Société Générale.