Charles Carmel has joined Warburg Pincus as a managing director in the private equity firm’s San Francisco office. Carmel, formerly of Cisco Systems, will start with the firm after Labor Day, a source close to the firm said.
“Charles’ experience and expertise in venture capital, M&A and technology are an excellent fit with Warburg Pincus’ growth-oriented approach to investing. We look forward to Charles adding to the breadth and depth of our global TMT platform by leveraging his network of relationships he has cultivated in Silicon Valley and throughout the sector worldwide,” Warburg managing director Pat Hackett said in a statement. Hackett oversees the firm’s technology, media and telecommunications group.
Prior to joining Warburg, Carmel was the vice president of corporate development at Cisco, where he oversaw investments and acquisitions. He also served on the board of directors for several of Cisco’s portfolio companies. Before Cisco, he was an investment banker at Goldman Sachs, where he was a member of the firm’s Technology Investment Banking Group.
Last year, Warburg inked a deal with US technology specialist Silver Lake to buy Interactive Data Corporation, a financial market data and analytics provider, from the publishing group Pearson. Interactive Data was valued at $3.4 billion at the time of the transaction, according to a statement from Pearson. The transaction was made through Warburg’s tenth private equity fund, which closed on $15 billion in 2010.