Warburg Pincus related stories
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Freeport taps Goldman, Barclays to help find partners, say sources-ReutersNatural resources conglomerate Freeport-McMoRan Inc has hired Goldman Sachs Group Inc and Barclays Plc to help find private equity firms that will finance some of its projects, according to people familiar with the matter.
- Freeport taps Goldman, Barclays to help find partners -- Reuters
Natural resources conglomerate Freeport-McMoRan Inc has hired Goldman Sachs Group Inc and Barclays Plc to help find private equity firms that will finance some of its projects, sources told Reuters News.
- ARX Equity buys Diagnosticni Center Bled doo
ARX Equity Partners, along with Joseph Priel, has acquired Diagnosticni Center Bled doo. Financial terms weren’t announced. Diagnosticni Center Bled doo is a private healthcare service provider in Slovenia.
LP Scorecard: Vintage-2007 PE funds generated most distributions for New Jersey in recent nine-month periodVintage-2007 funds are aging like fine wine for the New Jersey Division of Investment. The most recent data from the state reveals that four of the top five distributing funds from February 2014 to November of 2014 date from 2007 and generated over $230 million in returns in that 9-month span alone.
Onex completes acquisition of British survival company SurvitecCanadian private equity firm Onex Corp has completed its previously announced acquisition /canada/2015/01/12/onex-to-acquire-survitec-for-680-mln/ of Survitec Group Ltd for £450 million (US$673 million). Based in Southampton, United Kingdom, Survitec is a specialist in marine, defence and aerospace survival equipment. Onex said its flagship partnership, Onex Partners IV, made an investment of approximately US$335 million in deal, which was done in partnership with Survitec's management team. The company was previously owned by U.S. private equity firm Warburg Pincus.
Carlyle, Warburg Pincus close acquisition of credit rating agency DBRSU.S. private equity firms The Carlyle Group and Warburg Pincus have closed their previously announced buy of Toronto-based credit rating agency DBRS. No financial terms were disclosed. Perella Weinberg Partners was financial advisor to DBRS on the transaction, while CIBC World Markets provided financial advice to Carlyle and Warburg Pincus. Update: Reuters reported in December 2014 /canada/2014/12/22/carlyle-and-warburg-pincus-to-buy-credit-rating-agency-dbrs-reuters/ that the acquisition of DBRS, which was done in partnership with a consortium of Canadian investors and the company's management, was valued at more than US$500 million.
- Carlyle and Warburg Pincus completes DBRS acquisition
The Carlyle Group and Warburg Pincus have closed their previously announced buy of Toronto-based credit rating agency DBRS. No financial terms were disclosed. Perella Weinberg Partners was financial advisor to DBRS on the transaction while CIBC World Markets Inc provided financial advice to The Carlyle Group and Warburg Pincus.
- VC-backed Avalara buys HotSpot Tax
Avalara has acquired HotSpot Tax Inc, which provides tax compliance solutions for the vacation rental sector. No financial terms were disclosed. Avalara's backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.
Warburg Pincus, Hellman & Friedman among few to resist hurdlesWarburg Pincus and Hellman & Friedman remain among the most high-profile firms to resist providing investors with a priority return before taking carried interest. Limited partners are not well-served by priority returns, the two firms can argue, but can they hold out much longer?
- LP Scorecard: Vista, Warburg generated best cash-on-cash returns for New Jersey
Vista Equity Partners and Warburg Pincus share honors as co-leaders in generating the highest cash-on-cash return multiple for the $81.2 billion New Jersey Division of Investment.