Warburg Pincus related stories
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Jump Capital backs MD RevolutionSan Diego-based MD Revolution, a provider of chronic care management and patient engagement services, has closed $23 million in funding. The investors included Jump Capital. In addition to the funding, Dr. Garrett Vygantas, a partner at Jump Capital, has been added to MD Revolution's board of directors.
- Warburg Pincus to provide up to $300 mln to Rubicon
Warburg Pincus has agreed to invest up to $300 million in Rubicon Oilfield International. Based in Houston, Rubicon is a startup oilfield services company.
RBC fails to overturn $76 mln judgment over Rural/Metro sale: ReutersThe Delaware Supreme Court has upheld a US$76 million damage award against RBC Capital Markets for its role in the 2011 sale of ambulance company Rural/Metro but described its closely watched decision as a narrow one, Reuters reported. The court found RBC was liable for convincing the company's board to rush into a US$438 million buyout led by private equity firm Warburg Pincus.
- Warburg Pincus-backed e-Shang plans $1 bln HK IPO in 2016-IFR: Reuters
Warehousing developer e-Shang, which is partially owned by private equity firm Warburg Pincus, plans to raise about $1 billion in an initial public offering in Hong Kong, IFR reported on Monday, citing people familiar with the plans.
- Warburg, General Atlantic to buy 49% of Network International
Warburg Pincus and General Atlantic agreed to acquire a 49 percent stake in Network International from The Abraaj Group. Financial terms weren’t announced. Emirates NBD will continue to own a 51 percent stake in the Company. Network International, of Dubai, is a payment solutions provider in the Middle East and Africa. Perella Weinberg Partners, Morgan Stanley and Citi provided financial advice to Warburg/General atlantic.
- Warburg, General Atlantic buy Network International stake
The two GPs will continue to expand the firm’s global footprint, working alongside majority investor Emirates NBD as Abraaj exits firm after five-year hold.
- Warburg Pincus closes Fund XII above $12bn
The fund, launched in May, exceeded its hard cap, drawing commitments from various types of LPs including a number from outside of the US.
- Warburg Pincus raises new $12 billion private equity fund: Reuters
Warburg Pincus LLC said on Monday it amassed $12 billion for its latest private equity fund, its biggest since the 2008 financial crisis and its first generalist fund since ex-U.S. Treasury Secretary Timothy Geithner became its president last year.
- Lessons learnt in India
For private equity in India, general partners are working diligently to improve the previously bumpy situation by taking on a more hands-on approach, finding the ‘right’ partner, and exploring multiple exit options The Emerging Markets Private Equity Association’s (EMPEA) Special Report: Private Equity in India takes a look at the lessons learnt over the past two decades.