Warburg Pincus related stories
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PE-backed shipping company Ozburn-Hessey Logistics set to be sold for $800 mlnFrench shipping and transit company Geodis SA is near a deal to pay close to $800 million for U.S. contract shipping provider Ozburn-Hessey Logistics, in what would be the latest in a string of logistics tie-ups this year, Reuters reported, citing people familiar with the deal.
PE-backed MultiView beefs up team with new hireMultiView, a portfolio company of Warburg Pincus, has appointed Yariv Drori as vice president of programmatic advertising operations. Prior to joining MultiView, Drori worked at AY Digital where he was general manager and vice president of strategy. MultiView is a B2B marketing solutions provider.
Apax-owned security services company Garda explores sale: ReutersGarda World Security Corp, a security services business that provides armoured transportation and guards, is exploring a sale that could value it at more than $3 billion including debt, people familiar with the matter told Reuters. Montréal-based Garda is owned by British private equity firm Apax Partners and its founder Stéphan Crétier, which together took the company private in 2012 for $1.1 billion.
- Envestnet to buy Yodlee in $590 mln deal
Envestnet Inc. said Monday that it agreed to buy Yodlee Inc. for $18.88 a share or about $590 million. Redwood City, California-based Yodlee provides financial software. Warburg Pincus, which owns 27 percent, has voted to support the deal. Sandler O’Neill + Partners L.P is serving as financial advisor to Envestnet while Goldman Sachs advised Yodlee.
- LP Radar - August 2015
See the latest PE LP updates, including allocation changes and people moves.
PE HUB First ReadFirst Read kicks off your morning with news that activist investor William Ackman has acquired a $5.5 billion stake in Mondelez, Apple Music grabs more than 11 million trial customers and Jon Stewart, host of "The Daily Show" signs off.
Deep Dive: Funding into security increases as hacks show no let upInvesting in the general security sector is on an upward trend as recent exits in the space have also taken place
Warburg Pincus XII on track for Q4 final closeWarburg Pincus is expected to hold a final close on its 12th flagship fund during the fourth quarter of 2015, according to a Verus Investments memo included in meeting materials prepared for Fresno County Employees’ Retirement Association.
CPPIB-backed luxury fashion retailer Neiman Marcus files for IPO: ReutersU.S. luxury fashion retailer Neiman Marcus Group Inc has filed with U.S. regulators for an initial public offering, the second time in two years it has unveiled plans to go public, Reuters reported. The 100-year-old retailer was acquired by Canadian Pension Plan Investment Board and Ares Management LP for US$6 billion in October 2013.
- U.S. luxury fashion retailer Neiman Marcus files for IPO: Reuters
U.S. luxury fashion retailer Neiman Marcus Group Inc filed with U.S. regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public, Reuters News reported.