Warburg Pincus related stories
All articles and analysis
On the move, 8.31.2015The following hires, promotions and appointments are for the August 31, 2015, issue of Buyouts.
Warburg Pincus XII offers small LPs broad exposure to directsWarburg Pincus has realized more than $75 billion from its investments since it launched its private equity fund in 1971, and the last two-and-a-half years rank among its most profitable. The firm distributed roughly $25 billion to limited partners between December 2012 and March 2015, according to recent report prepared for one of its LPs, a sum that should provide investors ample reason to commit capital to the firm’s latest $12 billion flagship fund.
7 Mile Advisors taps Cowan as MDInvestment bank 7 Mile Advisors has named Steven Cowan as a managing director. In his new role, Cowan will lead 7 Mile Advisors' newly formed energy and industrial services team. Cowan's previous work background includes senior banking positions at Jefferies & Company, Deutsche Bank and Canaccord Genuity.
- FCERA seeks to up its commitment to PE
The pension fund currently allocates 2.9% to PE, short of its 6% target.
- Franklin Square supports iSqft and CMD merger
Franklin Square Capital Partners has provided undisclosed funding to back the merger of iSqFt and CMD Group. Based in Norcross, Georgia, Warburg Pincus-based CMD provides construction information in North America while Cincinnati-based Isqft, which is backed by Genstar Capital, provides software and bid information for the commercial construction industry.
- Genstar-backed Asset International hires Mandelbaum as CEO and president
Asset International Inc, a portfolio company of Genstar Capital, has named Joel Mandelbaum as CEO and president. Also, Mandelbaum has made an undisclosed investment in Asset International. Previously, he was an entrepreneur in residence at Warburg Pincus. Based in New York, Asset International is a provider of critical data, business intelligence and information services for the global investment management sector.
- Mexican fund buys stake in Poland's Amrest from Warburg: Reuters
Mexican private-equity fund Finaccess Capital agreed to buy a 32 percent stake in Poland's restaurant chain Amrest from Warburg Pincus, Amrest said on Thursday.
- Chart of the week: Largest ten private equity funds in market
The average target size of the largest ten private equity funds in market has increased by 29 percent since 31st December 2014
Illumina, Warburg Pincus, Sutter Hill invest $100 mln in new genetic companyGene-sequencing giant Illumina Inc , private equity firm Warburg Pincus LLC and venture capital firm Sutter Hill Ventures have agreed to invest $100 million to seed a new consumer-facing human genome platform called Helix, according to people familiar with the deal, Reuters reported.
- Illumina, Warburg, Sutter Hill Ventures form Helix
Illumina Inc., Warburg Pincus and Sutter Hill Ventures said Tuesday they have formed Helix, which has received more than $100 million in financing commitments. San Francisco-based Helix will reportedly serve as a digital hub for an individual’s genetic information, the New York Times said. The Center for Individualized Medicine at Mayo Clinic, which is collaborating with Helix, has also made a strategic investment.