Warburg Pincus related stories
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EY: Indonesian tech drives PE deals in SE AsiaA record $7.8bn worth of deals in the region were completed in 2016, mainly driven by large-cap deals in Indonesia’s technology sector, according to a report from EY.
- Warburg Pincus to buy 43 percent in India's Tata Tech for $360 million: Reuters
An affiliate of private equity firm Warburg Pincus will buy an about 43 percent stake in Indian engineering outsourcing provider Tata Technologies Ltd for $360 million, Reuters reported.
- Warburg bets $300m on global TMT platform
The firm has backed an ex-Tata Communications executive eyeing data centres and digital media services in Latin America and Asia.
Warburg Pincus-backed Rubicon acquires World Oil ToolsWorld Oil Tools Inc, a Calgary maker and supplier of specialty inflatable products and technology consumed in downhole completions operations, has been acquired by Rubicon Oilfield International Holdings LP. No financial terms were disclosed. Rubicon, a Houston, Texas manufacturer of oilfield products, said the deal will strengthen its downhole completions solutions. Rubicon is backed by a line-of-equity investment of up to US$300 million from Warburg Pincus, a U.S. private equity firm. Last October, the company acquired /canada/2016/10/warburg-pincus-backed-rubicon-acquires-logan/ Logan International Inc.
- PE-backed Rubicon acquires World Oil Tools
Rubicon Oilfield International, which is backed by Warburg Pincus, has acquired Calgary, Alberta-based World Oil Tools Inc, a maker of specialty inflatable products and technology consumed in downhole completions operations. No financial terms were disclosed.
- Urgent care provider CityMD attracts funding from Warburg Pincus
New York metro area-based CityMD, an urgent care provider, has raised an undisclosed amount of funding. The investor was Warburg Pincus. Credit Suisse provided financial advice to Warburg Pincus on the investment while J.P. Morgan Securities LLC did likewise for CityMD.
- PE-backed Newfi Landing beefs up team with six new additions
Newfi Lending, a residential mortgage lender, has expanded its team with six new hires. Joining the company as regional account managers of their respective regions are Greg Vaughn, Lisa Morris, Ryan Melideo, Jeff Grebe, John Farrell and Debbie Koehler. Newfi Lending is a portfolio company of Warburg Pincus.
- Warburg Pincus invests up to $300 mln in Princeton Growth Ventures
Warburg Pincus has invested up to $300 million to Princeton Growth Ventures, a telecom, media and technology platform from Rangu Salgame. Princeton Growth will seek to buy carve-out assets in geographies including India, China, Southeast Asia, the Middle East and Latin America. Salgame most recently was CEO of the Growth Ventures Group.
ICICI Bank, Fairfax to pare stakes in ICICI Lombard IPO: ReutersIndia's ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd will pare their stakes in joint venture insurer ICICI Lombard General Insurance Co Ltd's planned initial public offering of shares, Reuters reported. While the size and other details of the IPO will be decided at a future date, ICICI Lombard said the two shareholders had informed it of their intention to sell part of their holdings. Fairfax will own 22.1 percent of the insurer after its planned sale of a 12.2 percent stake in ICICI Lombard to an affiliate of Warburg Pincus and two other investors is completed.