Warburg Pincus has announced the appointment of another senior advisor to expand the firm’s global investment activity in the information and communication technology sector.
Sir Alec Broers, ex-vice chancellor of Cambridge University, has joined the firm and will work out of Warburg Pincus’ New York and London offices. Prior to his spell at Cambridge, Broers worked for computer hardware provider IBM for 20 years in research and development.
The incumbent president of the British Royal Academy of Engineering, Broers is also currently an outside director of Vodafone, the UK telecommunications group. He joins existing senior advisors Sir Christopher Bland and Derek Bonham, who signed up in February.
The firm is currently investing internationally from two funds, Warburg Pincus International Partners, a $2.5 billion (€2.1 billion) fund and the $5.3 billion Warburg Pincus Private Equity VIII fund.
Recent technology deals for Warburg Pincus include the $80 million (€65 million) take private of speech and imaging technology company ScanSoft from Xerox in March.
In the same month, Warburg Pincus co-invested alongside Bain Capital and Silver Lake Partners in the $2.05 billion acquisition of a production software division of EDS, reckoned to be the largest-ever technology private equity deal.