Warburg Pincus related stories
All articles and analysis
VC-backed Avalara taps Korst as EVP and CMOSeattle-based Avalara Inc, a provider of tax compliance automation for businesses, has appointed Jeremy Korst as executive vice president and chief marketing officer. Previously, Korst was the general manager for Windows marketing at Microsoft. Avalara's backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.
- Warburg Pincus to buy Gabriel Brothers
Warburg Pincus said Dec. 22 that it agreed to buy Gabriel Brothers Inc (Gabe’s). Financial terms weren’t announced. Alvarez & Marsal Capital, Gabe’s current majority owner, is exiting. Gabe’s, of Morgantown, West Virginia, is an off-price fashion and home retailer that operates 106 stores under the Gabe’s and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. UBS Investment Bank and Wells Fargo Securities acted as financial advisors to Warburg Pincus. Jefferies LLC acted as financial advisor to Alvarez & Marsal Capital.
- Fantastic beasts of private equity and where to find them
In the world of private equity, the Griffon is often referred to as a portfolio company that returns on exit a greater amount than the entire size of the investing fund, explains Houlihan Lokey’s Justin Abelow.
- PE-backed Apex International Energy beefs up leadership team
Warburg Pincus-based Apex International Energy has named David A Pivnik as vice president of exploration and new ventures and Amir Diab as non-executive director. Previously, Pivnik was manager of subsurface at Occidental Petroleum Corp while Diab is a managing partner at Cailon Capital. Apex is an Egypt-focused oil and gas exploration company.
- Tax accounting software firm Avalara prepares IPO, say sources: Reuters
U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1 billion, sources told Reuters.
- Warburg Pincus garners $2bn for the China fund
For the firm's first China-focused vehicle
- Warburg hits $2bn hard-cap for China fund
The firm will invest capital from the fund alongside its latest global buyout fund – Warburg Pincus Private Equity XII.
- Warburg Pincus raises $2 bln for China fund
Warburg Pincus has closed its inaugural China fund at $2 billion. Warburg Pincus China will invest alongside Warburg Pincus' seventh flagship fund, which closed at $13.4 billion in late 2015. The fund's limited partners include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net-worth individuals. Warburg Pincus China will focus on growth investing in a number of sectors such as consumer, healthcare, real estate and financial services and technology.
- Warburg Pincus-backed Hygiena to acquire DuPont's food safety diagnostics unit
Hygiena, a portfolio company of Warburg Pincus, will acquire DuPont's global food safety diagnostics business. No financial terms were disclosed for the deal that's expected to close in the first quarter of 2017.
- PE-backed RSEG buys NavPort
Warburg Pincus-based RS Energy Group has acquired NavPort, a provider of completion and production data for the upstream oil and gas industry. No financial terms were disclosed.