Warburg Pincus related stories
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Fresno seeks private equity and credit managerThe California retirement system wants to hire a firm to handle both private equity and credit strategies in a separate account format to get up to its 14% target allocation.
- PE-backed Sterigenics appoints new CEO
Sterigenics International LLC, which is backed by Warburg Pincus and GTCR, has named Michael B. Petras Jr. as CEO. The appointment becomes effective June 20, 2016. Petras will succeed Michael Mulhern, who has been tapped as executive chairman of the Sterigenics board of directors. Most recently, Petras served as president of Cardinal Health Inc's post-acute solutions businesses. Sterigenics is a provider of contract sterilization, gamma technologies and medical isotopes.
- Partners buys European portfolio from Santander
The Spanish bank’s private equity arm has offloaded stakes in PAI Partners, EQT and August Equity-managed funds amid expectations financial institutions will return as sellers this year.
- Becker Professional to buy ACAMS from Warburg Pincus for $330 mln
Becker Professional Education, a subsidiary of Devry Education Group, said May 14 that it agreed to buy the Association of Certified Anti-Money Laundering Specialists (ACAMS). The purchase price is $330 million. Warburg Pincus is the seller. ACAMS is an international membership organization that aims to enhance the knowledge and skills of anti-money laundering (AML) and financial crime prevention professionals. Partner William Kucera, along with associates Michael Weigel and Eric Tubbs, of Mayer Brown represented Becker on this deal. Buyouts Insider reported news of the auction /buyouts/warburg-seeks-buyer-for/ in March.
- Carlyle adds responsibilities for 2 executives
Carlyle has added responsibilities in its global market strategies unit and its energy and natural resources group for two senior executives, Kewsong Lee and Glenn Youngkin.
- RMS names Whelan CEO
Revenue Management Systems (RMS) said May 18 it named Dan Whelan as its CEO. Whelan previously served as General Manager of Data Fusion Technologies. Mercator, which is backed by Warburg Pincus, acquired RMS in April.
- Private equity heavyweights weigh in on Brexit
Data from the Electoral Commission shows industry names, including KKR’s Johannes Huth and Warburg Pincus’ Joseph Schull, are not leaving the outcome of the upcoming referendum to chance.
- Warburg Pincus opens Singapore office
Jeffrey Perlman, a Hong Kong-based managing director at the firm has relocated to Singapore and will serve as South-East Asia head.
- Warburg Pincus-backed Navitas to buy gas from Encana
Navitas Midstream Partners, LLC agreed to purchase natural gas from Encana Oil & Gas (USA) Inc. Texas-based Navitas, which is backed by Warburg Pincus, will also construct new processing facilities and other infrastructure.
- TPG is reborn … again
LPs will be watching with interest as one of the industry’s heavyweights cements its new positioning.