Warbug Pincus Completes $150M Investment In National Penn, Now Owns 16.4% Stake

National Penn Bancshares Inc. (Nasdaq: NPBC) received the rest of the $150 million investment Warburg Pincus LLC of New York agreed to put in the Pennsylvania-based bank holding company. Warbug Pincus now owns about 16.4 percent of the National Penn. The latest investment was worth $86.7 million and it purchased about 14.3 million new issued shares of National Penn. In October, Warburg Pincus made an initial investment of $63.3 million.

DealsNorth AmericaUSBriefs