Warburg Pincus related stories
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ICICI Bank, Fairfax to pare stakes in Indian insurer 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 (IPO) of shares, the insurer said on Monday.
- Online tutor Yuanfudao raises $120 million from Warburg Pincus, Tencent: Reuters
Chinese online tutoring company Yuanfudao said on Wednesday it raised $120 million from private equity firm Warburg Pincus and Tencent Holdings (0700.HK), putting it among a raft of unicorns valued at more than $1 billion in the world's second largest economy.
- Warburg leads $120m financing for Chinese online educator
The firm has teamed up with the internet giant Tencent to back China’s first “unicorn” in online tutoring.
Fairfax Financial to sell 12.2 pct of Indian insurer ICICI Lombard: ReutersCanada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees (US$3.15 billion), Reuters reported. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent stake, while two other investors, Tamarind Capital Pte Ltd and IIFL Special Opportunities Fund, are buying 1.59 percent each from Fairfax. After the sale, India's ICICI Bank Ltd will own about 63.3 percent of the insurer, while Fairfax's stake will come down to about 22.1 percent.
- Warburg pares stake in India’s Capital First
The US-based manager has sold its 25 percent stake in the non-banking financial company to a number of investors, including GIC, Morgan Stanley and HDFC Standard Life Insurance.
- Apax to buy Safetykleen Europe from Warburg Pincus
Apax Partners has agreed to acquire Safetykleen Europe, a London-based provider of surface treatment and chemical application services. The seller is Warburg Pincus. No financial terms were disclosed. Goldman Sachs provided financial advice to Warburg Pincus on the transaction.
- Warburg Pincus sells $275 million stake in India's Capital First: Reuters
An affiliate of private equity firm Warburg Pincus sold a 25 percent stake in Indian non-bank lender Capital First Ltd (CAPF.NS) for 17.67 billion rupees ($275.4 million) in stock market transactions on Wednesday, Reuters reported.
- CrowdStrike lands $100 mln Series D
Irvine, California-based cyber security company CrowdStrike has secured $100 million in Series D financing. Accel led the round with participation from CapitalG, Warburg Pincus, March Capital Partners and Telstra.
- PE-backed oil and gas startup Chisholm acquires Delaware Basin asset
Fort Worth, Texas-based Chisholm Energy Holdings LLC, an oil and gas startup, has acquired its first asset based in the New Mexico area of the Delaware Basin. No financial terms were disclosed. The seller was not named. Chisholm is backed by Warburg Pincus.