Warburg Pincus related stories
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Washington re-ups with Warburg Pincus for $750 mlnThe Washington State Investment Board approved a commitment of up to $750 million to Warburg Pincus’ latest flagship fund at its meeting last week, spokeswoman Liz Mendizabal said in an email.
WSIB commits $750m to WarburgWashington State Investment Board has invested $3.3bn in eight Warburg Pincus funds since 1994.
- Newman joins Crossmark
David Newman is joining Crossmark as Chief Insights Officer on Sept 21. Newman recently worked for Pharmavite as Vice President Customer Marketing & Sales Strategy. Crossmark is a portfolio company of Warburg Pincus.
- PE-backed MultiView hires new CMO
MultiView, a portfolio company of Warburg Pincus, has appointed Todd Ebert as chief marketing officer. Previously, Ebert worked at ReachLocal where he served as CMO. MultiView is a B2B marketing solutions provider.
- Davison named CEO of Pillarstone
KKR Credit said Monday that John Davison was named CEO of Pillarstone. KKR Credit recently launched Pillarstone to support banks in managing their exposures to non-core and under-performing assets including corporate loans, real estate and shipping. Davison is the former Global Head of Strategic Investments at Royal Bank of Scotland. He is also a co-investor in Pillarstone.
Market at a glanceU.S.-based buyout and mezzanine fundraising ramped back up since the last issue of Buyouts. The year-to-date total grew by about $6 billion since we last went to press, and it now stands at $149.3 billion. The yearly aggregate is a full $13 billion ahead of where it was at this time in 2014.
Warburg Pincus-backed Endurance closes StonePoint buyEndurance Energy Ltd has completed its previously-announced buy /canada/2015/07/07/pe-backed-endurance-energy-to-acquire-stonepoint-energy/ of StonePoint Energy Inc (TSX-V: STO), a junior oil and gas business. The deal, which reflected a total purchase price of about $16.75 million, will see StonePoint delist its shares on the TSX Venture Exchange this week. Based in Calgary, Endurance was created in 2008 to acquire and develop natural gas assets in Western Canada. It has been portfolio company of U.S. private equity firm Warburg Pincus since 2012.
- Capillary Technologies scores $45 mln Series C in Warburg Pincus-led round
Singapore-based Capillary Technologies, a provider of software solutions that helps retailers with customer engagement, has raised $45 million in Series C funding. Warburg Pincus led the round with participation from Sequoia Capital and Norwest Venture Partners. Also, Capillary has acquired MartJack, an Asia-based multi-channel commerce platform. No financial terms were disclosed.
- Warburg-backed Navitas buys Midland Basin assets
Navitas Midstream Partners LLC said Tuesday that it has acquired natural gas gathering and processing assets serving Martin, Midland and Glasscock counties in Texas. DCP Midstream LLC was the seller. Navitas is a portfolio company of Warburg Pincus.
- LP Radar - September 2015
See the latest PE LP updates, including allocation changes and people moves.