Warburg Pincus partner and managing director Adarsh Sarma has joined the private equity firm’s expanding technology, media and telecommunications team in London, as it seeks to capitalise on TMT investment opportunities across Europe.
The firm, which focuses on growth investments, has recently been beefing up its London-based TMT team. Last February, it hired industry heavy-hitter René Obermann, who was chief executive of Deutsche Telekom from 2006 until 2013. Obermann, who joined as partner and managing director, is based in London, and focuses on global TMT investments, as well as opportunities in the German market.
Sarma has been with Warburg Pincus since 2005, previously based at its New York headquarters. While there, he led the firm’s investments in payments and education-focused businesses.
These investments include: Milwaukee-based banking and payment technology business Metavante, now a subsidiary of Jacksonville, Florida-based FIS, the world’s largest provider of such services; Electronic Funds Source, an Ogden, Utah-based provider of customised fleet and corporate payment technology services, now a unit of payment processing company WEX, headquartered in South Portland, Maine; and Liaison International, a Watertown, Massachusetts-based provider of admissions management software services to higher education.
Before joining Warburg Pincus, Sarma worked at India-focused private equity firm ChrysCapital, a technology start-up called Radiowave and California-based mid-market private equity firm McCown De Leeuw. Sarma holds a BA from Knox College, where he was elected to the Phi Beta Kappa honour society, and earned his MBA from the University of Chicago.
Warburg Pincus has invested in excess of $15 billion in more than 270 communications services, software, and technology services companies since its founding. Its European TMT investments include cable operators INEA, based in Poznan, Poland, and Ziggo, where Obermann served as chief executive in 2014; Ziggo is now a unit of media giant Liberty Global.
Warburg Pincus's London-based managing director Daniel Zilberman leads the firm's European investment activities.
Sarma's move to the firm's London office was first reported by Financial News. Warburg Pincus declined to comment.