Warburg Pincus related stories
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Warburg Pincus to invest up to $300 mln into Vertice PharmaWarburg Pincus will invest up to $300 million into the newly launched Vertice Pharma, a specialty pharmaceuticals company based in both the UK and New Jersey. In addition to the financing, Don DeGolyer will join Vertice as CEO while Andrew Saik will become the company's chief financial officer. Jefferies provided financial advice to Vertice Pharma on the transaction.
APG, CPPIB to invest $500 mln in South Korean logistics: ReutersDutch pension fund manager APG Asset Management and Canada Pension Plan Investment Board signed an agreement to own and develop logistics real estate in South Korea with warehousing developer e-Shang, with planned initial investments of US$500 million, Reuters reported. E-Shang is partially backed by U.S. private equity firm Warburg Pincus.
- Dutch fund APG, CPPIB ink JV for $500 mln S.Korea logistics expansion: Reuters
Dutch pension fund manager APG Asset Management and Canada Pension Plan Investment Board (CPPIB) signed an agreement to own and develop logistics real estate in South Korea with warehousing developer e-Shang, with planned initial investments of $500 million, Reuters News reported.
- Private equity firm Warburg Pincus enters race for T-Mobile Netherlands, say sources: Reuters
U.S. private equity firm Warburg Pincus is looking to bid for Deutsche Telekom's T-Mobile Netherlands division which is worth up to 3 billion euros, sources told Reuters.
- Triton Container to combine with TAL International
Triton Container International Ltd. is merging with TAL International Group Inc. in a stock swap. Triton shareholders will own 55 percent of the equity of the combined company and TAL shareholders have 45 percent. Triton, which operates a container fleet of 2.4 million TEU, is backed by Warburg Pincus LLC and Vestar Capital Partners. TAL International operates a container fleet of 2.4 million TEU. Once the deal closes, Warburg will have about 27 percent of the newly-formed Triton International Ltd. while Vestar will own 15 percent. Wells Fargo Securities advised Triton while BofA Merrill Lynch advised TAL.
- Warburg Pincus, General Atlantic in talks to invest in UAE payments firm: Reuters
Private equity firms Warburg Pincus and General Atlantic are expected to announce a joint deal this week to invest in United Arab Emirates-based payments provider Network International, sources told Reuters.
- Warburg to exit The Mutual Fund Store
Warburg Pincus has agreed to sell The Mutual Fund Store L.L.C. to Financial Engines for $560 million, including cash and stock. Overland Park, Kansas-based The Mutual Fund store is a registered investment advisor. Warburg will become Financial Engine’s largest stockholder with a roughly 12.5 percent stake once the transaction closes. DBO Partners acted as financial advisor to Financial Engines while JP Morgan advised Warburg.
Warburg Pincus to buy ITG's energy research unit for $120.5 mlnU.S. private equity firm Warburg Pincus has agreed to acquire ITG Investment Research, the Calgary-based energy financial research group of ITG (NYSE: ITG). Under the terms of the agreement, Warburg Pincus will pay US$120.5 million in cash. It plans to invest in the energy research group to enhance its product offering and service capabilities, and to continue its growth for institutional and oil and gas clients. The deal is expected to close by the end of the year.
- Warburg invests in Polish pharmaceuticals company
The investment is thought to have been made through Warburg Pincus Private equity XI, which is almost completely deployed.