Warburg Pincus related stories
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Shorenstein capitalizes on debt opportunities with ninth fundPrivate real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.
- UK services sector provides fertile hunting ground
With deals such as Montagu's acquisition of Biffa earlier this year, private equity buyers have dominated M&A activity among UK business services companies. The sector actually saw an increase in deal flow in the last 12 months, according to recent research.
- Warburg invests $300m in natural gas company
The New-York based private equity firm continues to invest in the energy sector. Its growth capital investment in Competitive Power Ventures marks more than $3bn invested in energy companies worldwide.
- TPG’s WaMu stake hits new low
The Seattle savings and loan’s stock price is down 74 percent, spelling a paper loss of more than $1.4bn for TPG.
- Warburg-seeded Laredo buys $185m in energy assets
Laredo Petroleum, launched in 2007 with the backing of Warburg Pincus, has acquired 50,000 acres of natural gas-rich land in Oklahoma.
- CD&R in £417m materials testing carve-out
In its first deal of 2008, the New York-based buyout firm beat bids from CCMP, CVC and Warburg Pincus to buy the materials testing division of Bodycote, a global provider of industrial heat treatment services.
- Blackstone teams with Warburg on first oil sands deal
The C$275m Warburg-led financing will support Osum Oil Sands’ move into commercial oil production by 2013. The lucrative oil sands in Alberta contain 173 billion barrels of proven reserves.
- Fresno ups private equity allocation, launches infrastructure
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to private equity and real estate while launching a new ‘real asset’ allocation, which includes infrastructure.
- Pine Brook commits $100m to energy venture
The New York firm led by former Warburg Pincus vice chairman Howard Newman has partnered with Australian Stock Exchange-listed Comet Ridge to develop US oil and gas assets. Drilling will commence immediately at the company's Colorado oil field.
- Report: IndyMac sought PE help before failure
The California bank, which was taken over by the government earlier this month, approached several private equity firms in search of rescue capital but found no takers.