Warburg Pincus related stories
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Hellman & Friedman and GIC to acquire AllfundsHellman & Friedman and GIC have agreed to acquire Allfunds Bank, a global financial tech business. The sellers are Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus. The deal puts Allfunds at a valuation of 1.8 billion euros. Barclays and Citibank provided financial advice to Hellman & Friedman and GIC on the transaction.
- GIC, Hellman & Friedman to buy Allfunds for €1.8bn
The investment will be used to grow Allfunds’ business in Asia, Europe and Latin America.
- PE-backed Hygiena closes DuPont Diagnostics acquisition
Hygiena, a portfolio company of Warburg Pincus, has completed its previously announced acquisition of DuPont Diagnostics, DuPont's global food safety diagnostics business. No financial terms were disclosed.
- Warburg Pincus, Blackstone in bidders' short-list for Singapore's GLP: Reuters
Private equity firms Warburg Pincus [WP.UL], Blackstone Group LP (BX.N) and Hopu Investment were among the bidders short-listed to present a potential offer for Singapore-listed Global Logistic Properties (GLPL.SI), Reuters reported.
- Level 20 launches Europe-wide research project – Exclusive
The study will look in detail at the career paths of hundreds of men and women in the industry to compare career trajectories.
- Ecrebo grabs 12 mln pounds
UK-based Ecrebo, a point-of-sale marketing company that helps retailers improve customer engagement, has secured 12 million pounds in funding. The investors were Sir Keith Mills, founder of Air Miles and Nectar, Joseph Schull, former head of Europe for Warburg Pincus and return backer Octopus Ventures. In conjunction with the funding, Ecrebo has added Mills and Schull to its board of directors.
- Temasek joins Mobike’s Asia expansion ride
The Beijing-based bike-sharing company recently secured funding from Singapore investment firm Temasek and private equity firm Hillhouse Capital.
- UK fashion retailer Reiss names Angelides as CEO: Reuters
British fashion retailer Reiss named former Next executive Christos Angelides as its new chief executive on Monday in a move aimed at allowing founder and chairman David Reiss to scale back his responsibilities.
- Temasek opens San Francisco office
The Singapore-based investor expands its presence in the US as it seeks to capitalise on investments in life sciences and emerging technologies.