Warburg Pincus related stories
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Warburg Pincus cuts stake in British discounter PoundlandWarburg Pincus has reduced its stake in British discount retailer Poundland from 30.4 percent to 16.4 percent, it said on Wednesday, raising about 142 million pounds ($216 million) through a share placing, Reuters reported.
Velvet Energy racks up $100 mlnVelvet Energy, an oil and gas exploration and production company focused on the Western Canadian Sedimentary Basin region, has closed $100 million in funding. Previous backers Warburg Pincus LLC, Trilantic Capital Partners and ZAM Ventures LP led the round.
Velvet Energy nets $100 mln more from Warburg Pincus, Trilantic, ZAMVelvet Energy Ltd has obtained an incremental $100 million equity line from its existing U.S. private equity investors Warburg Pincus, Trilantic Capital Partners and ZAM Ventures. The Calgary-based company, which is focused on crude oil and natural gas exploration and production in Alberta, said the investment follows an initial equity line totaling $336 million that has been fully deployed. The new funding will support Velvet Energy's pursuit of acquisitions and additional growth and corporate development opportunities, the company said. Founded in 2011, it is led by president and CEO Ken Woolner.
- Warburg links with L Capital for China deal
The private equity pair has invested in shopping mall operator Sasseur
- PE firms may bid for Orbitz
Look for a private equity firm to win the Orbitz Worldwide auction, two bankers said.
PE firms likely to bid for Orbitz: sourcesLook for a private equity firm to win the Orbitz Worldwide auction, two bankers said.
Warburg Pincus-backed Red Star seeking up to $1 bln in HK listing: ReutersChinese furniture and building-material retailer Red Star Macalline Group is seeking to raise up to $1 billion from a Hong Kong IPO as early as the end of the second quarter, IFR reported on Wednesday, citing sources familiar with the planned float.
- Avalara nets $42 mln
Avalara Inc, which provides cloud-based software for sales tax and other transactional tax compliance, has raised $42 million in funding. The investors included Technology Crossover Ventures and Warburg Pincus.
Lime Rock's Imaginea buys PE-backed West Valley EnergyImaginea Energy has completed its first disclosed add-on acquisition, picking up West Valley Energy from two U.S. private equity firms. According to data provided by Thomson Reuters, Calgary's Imaginea, which last year received a sizeable equity commitment from Lime Rock Partners, bought West Valley in December 2014.
