Warburg Pincus related stories
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The Big and the Bold – Blackstone and mega-funds drive fundraising in Q2 - Quarterly FundraisingThe Blackstone Group led the charge for U.S. fundraising in the second quarter with the largest first close in history.
PE-backed Endurance Energy to acquire StonePoint EnergyEndurance Energy Ltd, a portfolio company of U.S. private equity firm Warburg Pincus, has agreed to buy StonePoint Energy Inc (TSX-V: STO), a Canadian junior oil and gas business. Endurance will acquire all of StonePoint's outstanding common shares for $0.078125 per share in cash. Directors and executive officers of StonePoint and certain investors reflecting about 24 percent of the company's shares have committed to vote for the deal at a special shareholders meeting. Based in Calgary, Endurance is focused on the acquisition and development of natural gas assets in Western Canada. It has been backed by Warburg Pincus since 2012.
Endurance Energy to buy StonePoint EnergyEndurance Energy Ltd., a portfolio company of Warburg Pincus, has agreed to buy StonePoint Energy Inc. C$0.078125 per share. Calgary, Canada-based StonePont is a junior oil and gas company.
Black Swan closes Carmel Bay buy, raises $350 mln from PE investorsBlack Swan Energy Ltd has closed its previously-announced buy of Carmel Bay Exploration Ltd for about $200 million in cash. The deal includes assets in the Montney fairway in British Columbia. Black Swan also received $350 million in follow-on investment from its private equity backers, which include the Canada Pension Plan Investment Board (CPPIB), KERN Partners and Warburg Pincus. As a result, it has raised $850 million to date. The proceeds of the latest funding will be used for the Carmel Bay acquisition, related asset development and continued growth of production and reserves. The Calgary-based Black Swan in focused on early-entry Western Canadian resource plays.
- Interactive Data Corp taps banks for sale or IPO: Reuters
Interactive Data Corp, one of the world's largest financial data providers, has hired banks for a potential sale or an initial public offering that could value it at more than $5 billion, including debt, sources told Reuters News.
Here are the 35 most sought-after U.S. LBO funds on secondary marketThe top 35 most sought-after U.S. LBO funds on the secondary market as of the second quarter priced at an average of 97.3 percent of net asset value, according to fresh analysis from intermediary Setter Capital. That is 8 percent higher than funds that are outside of the top 35 list, Setter found.
- Warburg-led group invests $100 mln in Vincom Retail
A Warburg Pincus-led consortium has invested another $100 million in Vincom Retail, a subsidiary of Vingroup Joint Stock Co. The Warburg-led group has invested a total of $300 million in Vincom Retail, including $200 million in May 2013. Vincom Retail is a shopping mall operator in Vietnma with 20 malls in operation or under development.
- Mercator buys Catapult International
Mercator said Wednesday it has acquired Catapult International. Financial terms weren’t announced. Kansas City-based Catapult is a technology-enabled solutions provider for freight forwarders, shippers, and carriers worldwide. Mercator is backed by Warburg Pincus.
- VC-backed Avalara buys VAT Applications
Avalara Inc. said Tuesday it acquired VAT Applications NV. Financial terms weren’t announced. VAT, of Brighton, United, Kingdom, develops compliance software and services for businesses. Investors of Avalara include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.
On the move, 6.15.2015The following hires, promotions and appointments are for the June 15, 2015, issue of Buyouts.