Warburg Pincus related stories
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Market at a glanceU.S.-based buyout and mezzanine fundraising remained strong over the past two weeks, jumping by nearly $5 billion to stay $6.6 billion ahead of the total at this time last year.
VC-backed Avalara appoints CMOBainbridge Island, Washington-based Avalara, which provides software for sales tax and other transactional tax compliance, has named Michael J. Turner as chief marketing officer. Previously, Turner was CEO and president at 1-800-DENTIST. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.
- Warburg in $500m oil deal
The investment comes as Warburg is gearing up to raise $12bn for its next buyout fund
- IRM to receive up to $500 mln from Warburg Pincus
Warburg Pincus has agreed to invest up to $500 million in Independence Resources Management. Headquartered in Houston, IRM is an oil and gas exploration company.
Warburg Pincus seeks $12 billion private equity fund-ReutersPrivate equity firm Warburg Pincus LLC has told investors it will seek to raise a new $12 billion global fund, just two years after amassing a $11.2 billion fund, sources told Reuters.
Warburg Pincus-backed Dude Solutions buys Windmill SoftwareDude Solutions Inc, which is backed by U.S. private equity firm Warburg Pincus, has acquired Windmill Software Inc. The deal's financial terms were not disclosed. Based in Toronto, Windmill Software is a maker of senior living operations product TheWorxHub. Update: Dude Solutions, a U.S. software-as-a-service provider of operations management solutions, said the deal expands its position in the senior living market and gives the company its first Canadian office. Warburg Pincus first invested in Dude Solutions in 2014.
- PE-backed Dude Solutions buys Windmill Software
Dude Solutions Inc, which is backed by Warburg Pincus, has acquired Windmill Software Inc. No financial terms were disclosed. Based in Toronto, Windmill Software is a maker of senior living operations product TheWorxHub.
- Warburg Pincus and GTCR to recap Sterigenics
Warburg Pincus and GTCR will recapitalize Sterigenics International, a provider of contract sterilization, gamma technologies and medical isotopes. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Goldman, Sachs & Co. and Jefferies LLC were financial advisors to Sterigenics and GTCR while J.P. Morgan Securities LLC provided additional financial advice to GTCR. Also, JPMorgan will provide debt financing for the recap. Sterigenics is owned by GTCR.
- Friday Letter: Teaming up sensibly
Co-investment doesn’t have to be bad for private equity, as long as both GPs and LPs take a thoughtful approach
- Exclusive: ‘Co-investment a bad trend for PE industry’
Industry professionals speaking at EVCA’s Investor Forum in Geneva warned of uneducated buyers coming into the market and pushing up prices