Warburg Pincus's Sale of Easycash Said to Attract as Many as Six Bidders Sep 19, 2009
Warburg Pincus Sale of Easycash Said to Attract Up to 6 Bidders - Bloomberg ... Warburg Pincus Sale of Easycash Said to Attract Up to 6 Bidders ... Sept. 18 (Bloomberg) -- Warburg Pincus LLC, manager of a $15 billion private-equity fund, may receive as many as six bids for Easycash, the German processor of credit card payments it acquired in 2006, as the auction heads into the second round, two people familiar with the matter said. (Bloomberg -- Germany)
Genpact, Blackstone eye stake in WNS Sep 18, 2009
The worlds largest private equity fund Blackstone has also put in an aggressive bid for Warburg Pincus 50 ... The Warburg Pincus board will meet early next week in New York to decide on the bids ... Bain Capital, Silverlake, Apax Partners, Blackstone, and Citigroup Venture Capital have bid for Warburg Pincus stake in WNS, said an industry executive. (India Times)
Buyers' remorse Sep 16, 2009
Ad 00004000 ding to the pressure is a mountain of debt the company took on four years ago in a $5 billion buyout by the private-equity firms TPG and Warburg Pincus ... Adding to the pressure is a mountain of debt the company took on four years ago in a $5 billion buyout by the private-equity firms TPG and Warburg Pincus. (New York Post -- Business)
Bloomberg in the lead Sep 16, 2009
Three other suitors, Warburg Pincus and Platinum Equity Partners, both private-equity firms, and TV Guide owner OpenGate, are all said to remain in the running ... Three other suitors, Warburg Pincus and Platinum Equity Partners, both private-equity firms, and TV Guide owner OpenGate, are all said to remain in the running. (New York Post -- Business)
Myer to Seek IPO as Turnaround Under TPG Lifts Department Store Earnings Sep 12, 2009
The buyout firm, which was founded by David Bonderman and formerly known as Texas Pacific Group, also owns Neiman Marcus Group Inc. after teaming with Warburg Pincus LLC in 2005 to buy the U.S. chain for $5. 1 billion in 2005. (Bloomberg -- Australia & New Zealand)
Excelsior! Vringo and Marvel Team Up to Launch Super Hero-Themed Video Ringtones Sep 9, 2009
Vringo is backed by Warburg Pincus and by private investors. The company has been heralded by The New York Times as "the next big thing in ringtones" and by USA Today as having "to be seen to be believed." To witness the next generation of ringtones and see a list of supported handsets, please visit. (Yahoo! Wire -- Entertainment News)
Five Former Yale Student-Athletes, One Former Coach To Receive Bush ’48 Leadership Awards Sep 9, 2009
Schacht, a former chairman and CEO of Cummins Diesel (1973-1994) and CEO of Lucent Technologies, is currently the managing director and senior advisor of the venture capital firm Warburg Pincus. He also has been a director for the Johnson & Johnson Corporation, the New York Times Company and the Aluminum Company of America. (Goyalebulldogs.com)
Builders FirstSource Special Committee Hires Financial and Legal Advisors Sep 9, 2009
DALLAS, Sept. 8, 2009 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq: - ), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today announced that the Special Committee of the Board of Directors of the Company has retained Moelis & Company, LLC as its financial advisor, Alston & Bird LLP as its legal counsel, and Morris, Nichols, Arsht & Tunnell LLP as its special Delaware counsel to assist the Special... (Primezone Releases)
Rumour mill grinds $600 million from BBI trading halt Sep 3, 2009
Warburg Pincus recently helped to recapitalise Transpacific Industries alongside a 1 ... It is worth noting that in the Transpacific case, Warburg Pincus injected $64 million in a placement, served as a sub-underwriter of the rights issue and also received warrants that will likely increase its future stake for its troubles. (Sydney Morning Herald -- Business)
Recession: IT cos look at BPO Aug 19, 2009
According to a media report last week, private equity firm Warburg Pincus was looking to sell its 50. 12 percent stake in WNS, a move that would entail a change of control at the Mumbai, India based call-center operator. (India Times)
Genpact in race for Warburg Pincus' 50% stake in WNS Aug 19, 2009
MUMBAI: Genpact, the countrys largest pure-play BPO, is in the race for acquiring Warburg Pincus 50% stake in WNS Global Services, pitting itself against global private equity (PE) investors such as Blackstone and Bain Capital, said a person privy to the development. The process is still in the early stage with Merrill Lynch believed to be advising Warburg on the sale. (India Times)
SEE YOU IN SEPTEMBER: BUSINESSWEEK BIDDERS Aug 19, 2009
Nine companies are said to be in the hunt, including TV Guide owner OpenGate Capital, investment company Warburg Pincus, New York magazine owner Bruce Wasserstein, Fast Company owner Joe Mansueto and private-equity shop and Boston Globe suitor Platinum Equity Partners. However, there's skepticism about McGraw-Hill's math in calculating a price it would like for the magazine. (New York Post -- Business)
PE exits rise 30 pc in 2009 driven by stock mkt rally Aug 13, 2009
PE investments in 2004-2005 including Warburg Pincus (Max India), Citi (Lupin Labs, HT Media) ChrysCapital (Shriram Transport), StanChart PE (Aurobindo Pharma) have been exiting their stakes via the public markets at significant multiples of the investment. Read business stories in. (India Times)
Nalanda looks to exit WNS Aug 8, 2009
Its not just private equity firm Warburg Pincus thats looking to log out of outsourcing firm WNS Global Services ... This comes a day after ET reported that PE firm Warburg Pincus has held initial talks to offload its 50 ... Pulak Prasad, former co-head of Warburg Pincus India, runs Nalanda India. (India Times)
WNS in talks with PEs to sell 50% Aug 7, 2009
MUMBAI/BANGALORE: Warburg Pincus has approached its global private equity peers for selling its 50 ... Bain capital and the Blackstone Group are among the PE funds with whom Warburg Pincus has had informal discussions even as there is speculation that IT services majors like Cognizant and even some mid-tier firms could be interested in pursuing the deal ... When contacted, Warburg Pincus said: The firm is bound by internal operational policies that does not allow discussion of its investment... (India Times)
Resurgent mkts give PEs exit route Aug 4, 2009
MUMBAI: Improved market conditions have provided a window to major global private equity players like Warburg Pincus, Barclays Capital, TPG-Axon and Orient Global, letting them exit their investments in Indian companies through the open market route in the past few months ... On July 17, Madison Holding and Melany Holdings, the FII belonging to global PE major Warburg Pincus, sold 5. (India Times)
Suniva wraps up $75M financing round Jul 29, 2009
The company s solar cell design and its plans for commercialization position it as a future leader in a growing industry, said an executive with Warburg Pincus, the private equity firm that led the funding round. Inside AJC.COM. (Atlanta Journal-Constitution -- Business)
Suniva may go public Jul 28, 2009
Warburg Pincus seeks out businesses that have an important role to play both in the near and long term," Chansoo Joung, a managing director at Warburg Pincus. "As the solar industry grows, Suniva is well positioned, delivering the leading combination of high efficiency and low-cost manufacturing ... Warburg Pincus managing directors Chansoo Joung and Dr. Henry Kressel will join Suniva s board of directors. (Atlanta Business Chronicle, GA)
Warburg Pincus to invest $115 million in Webster Jul 28, 2009
Warburg Pincus, a New York-based private equity firm, would control 15 percent of Webster Financial's outstanding common stock if the proposed investment is approved by Webster shareholders and regulators, bank officials said Monday. The parent of Webster Bank said the proposal calls for Warburg Pincus to acquire 11. (Republican-American)
Govt Signs Dev't Deal With International Oil Firms Jul 28, 2009
The field is controlled by a partnership between London-based Tullow Oil PLC; Dallas-based Kosmos Energy, which is backed by U.S. private-equity firms Blackstone and Warburg Pincus; Houston-based Anadarko Petroleum Corp.; as well as the Ghanaian government. The operators expect Jubilee to produce about 120,000 barrels a day by the second half of next year. (Ghana Web, Ghana)
Webster Financial Jul 28, 2009
jumped after Warburg Pincus LLC agreed to take a 15 percent stake and add David Coulter, former BankAmerica Corp. chief executive, to the Waterbury, Conn. lender s board. (Boston Globe)
Industry Veterans Rash and Rutledge Launch RegionalCare Hospital Partners to Acquire and Operate Hospitals in Non-Urban Markets Jul 16, 2009
Warburg Pincus Provides Equity Financing Plan of up to $300 million ... July 15 /PRNewswire/ -- Martin S. Rash and John M. Rutledge, hospital veterans with experience operating and managing more than 300 hospitals in 25 states, announced today the formation of RegionalCare Hospital Partners in partnership with Warburg Pincus, a leading global private equity firm ... Warburg Pincus will invest up to $300 million to support RegionalCare Hospital Partners' strategy of acquiring and operating... (PR Newswire)
Prior Province execs team on private equity backed venture Jul 16, 2009
The announcement comes with $300 million in backing from Warburg Pincus, a private global equity firm with 25 percent of its investments in the health care market. The Brentwood firm s strategy will be to acquire and operate hospitals in non-urban markets across the country, but no acquisitions or potential markets of entry are planned yet. (Nashville Business Journal, TN)
Transpacific moves to cut debt burden Jul 15, 2009
77-for-one pro-rata renouncable entitlement offer to raise about $737 million and a $64 million placement to Hong Kong-based WP Holdings, an affiliate of US-based private equity firm Warburg Pincus, at $1. 80 per share. (Sydney Morning Herald -- Business)
* Q4 profit possible, says Chunghwa Picture Tubes Ltd Jul 9, 2009
Lin said Chunghwa Picture planned to introduce a strategic partner within a month or two, replacing foreign venture capital firm Warburg Pincus. Warburg Pincus now owns US$250 million of the companys convertible bonds. (Taipei Times, Taiwan -- Business)
SO JUST GRIN & BAIR IT Jul 8, 2009
Meanwhile, just three of the meeting's participants were from the private-equity world -- Wilbur Ross, Kohlberg Kravis Roberts' Deryck Maughan and Warburg Pincus' Michael Martin -- even though PE firms have been the most active buyers of banks that have gone into receivership. Others present included hedge-fund king John Paulson, as well as lawyers and officials from public pensions and mutual funds. (New York Post -- Business)
Kosmos energy pressured to sell to Chinese Jun 24, 2009
Private equity-backed Kosmos, which has received USS800 million in financing from Blackstone and Warburg Pincus, has since the beginning of the year been rumored to be planning to offload its stakes in Ghana's offshore acreage. Though officials of Kosmos are tight-lipped about the intended deal, government sources say that the matter has gone beyond mere speculation. (Ghana Web, Ghana)
Saks Chief Cuts Orders to Avoid Discounts on Stiletto Heels, Men's Suits Jun 23, 2009
Neiman Marcus, based in Dallas, is by Warburg Pincus LLC and TPG. The chain cut orders 25 percent in the quarter ended May 2 and said on June 10 that it is being conservative for the rest of the year. Both Neiman and Saks have said they are weeding out underperforming labels. (Bloomberg -- US)
Candover Advances After Selling Wood Mackenzie Consultants to Charterhouse Jun 19, 2009
Charterhouses bid beat offers from private equity firms Hellman & Friedman LLC, Warburg Pincus LLC and Bain Capital, people familiar with the transaction said June 9. Candover had sought about 650 million pounds from the sale, the Financial Times said May 29 without saying where it got the information. (Bloomberg -- UK)
eTelecare Names Gilbert Santa Maria Head of Philippines Operations Jun 17, 2009
Prior to joining eTelecare, Santa Maria worked as General Manager of Pepsi in Manila, Chief Operating Officer of a technology company in Singapore that was sold to eBay, Management Consultant at Booz Allen Hamilton in New York and Private Equity professional at an Asian affiliate of New York-based private equity firm Warburg Pincus. He holds an MBA from the Yale School of Management and a BS in Electrical Engineering from the University of the Philippines. (PR Newswire)
Telmar expands in Plano Jun 6, 2009
Telmar is owned by Warburg Pincus, a prominent New York private equity firm that acquired the business in 2006 for undisclosed terms from two other investment houses, then-majority owner Lightyear Capital LLC and Stonebridge Partners. Like all private-equity firms, Warburg, which also owns the Dallas-based Neiman Marcus Group, makes money when it either sells or merges the businesses it owns or has them go public. (Dallas Business Journal, TX)
BERGDORF HAS TO SHARE Jun 4, 2009
Private-equity firms TPG and Warburg Pincus shelled out more than 5 billion for Neiman Marcus in 2005, only to see their investment tank as demand for luxury goods has gone into a tailspin. On the positive side, Bergdorf's top-notch management, led by CEO Jim Gold and Fashion Director Linda Fargo, will continue to supervise the Bergdorf portion of Patel and Fazio's efforts. (New York Post -- Business)
Eye fungus can cause vision loss Jun 2, 2009
When Bausch was acquired by private equity firm Warburg Pincus for $3. 67 billion in October 2007, Chief Executive Ronald Zarrella said the deal would allow the company to pursue the growth path we were on without a lot of outside distraction. (Atlanta Journal-Constitution -- Health)
Bain Capital May Beat KKR, Warburg for Gome Stake With $500 Million Offer May 27, 2009
Bain is competing for Beijing-based with and Warburg Pincus, the people said ... Spokesmen for , Bain, KKR and Warburg Pincus in Hong Kong, London and New York either declined or werent immediately able to comment. (Bloomberg -- Asia)
The rise and rise of Bharti May 26, 2009
In 1999, Bharti secured Rs 1,300 crore from Warburg Pincus. That proved to be a smart investment Warburg earned Rs 8,500 crore a return of around 550% when it exited Bharti in 2005. (India Times, India -- Intl Business)
News from the Jewish Community Center: May 21online edition May 22, 2009
Bolzan has managed recruiting functions in the U.S. and abroad for firms including JP Morgan, the Blackstone Group, KKR, Warburg Pincus, and her own executive search firm, CPI. She is a nationally recognized expert on pipeline hiring and has been seen on television and in print discussing the impact of today's economy on the job market Cost is $250 for JCC members and $285 for others. For more information, call 781-631-8330. (Swampscott Reporter, MA)
A credit card as irresistible as you are May 21, 2009
"Yup. From the opening page: "Toxic assets" didn't fell the nation's economy. A toxic philosophy did. Thousands of people lost their homes, tens of thousands their jobs, and even more their retirement savings because of a stupefyingly naive belief in markets that self-regulate with minimal government supervision. Actually, Gary, I think that should be: Hundreds of thousands of people lost their homes and millions lost their jobs... But why quibble?Given the sudden prominence of antitrust in the... (Salon)
A fresh new dawn for trust-busters May 19, 2009
"Real scientists tend to be much more sskeptical about their data and their models," says William Janeway, an MD of the private-equity firm Warburg Pincus and a Cambridge University lecturer. "They had all of the maths, but none of the instincts of good scientists." There is also the 4x4 effect: if you give people a safer car (read, a safer world through financial innovation), they tend to drive faster. (Salon)
Manitowoc Co. completes sale of Enodis May 16, 2009
Inc. said today that it completed the previously announced agreement to sell its Enodis ice machine operations to affiliates of certain funds managed by Warburg Pincus LLC for $160 million. This business was sold to satisfy regulatory conditions of various jurisdictions, including the United States and Europe, related to the Enodis acquisition that was completed on Oct. 27, 2008. (Milwaukee Business Journal, WI)
Manitowoc Completes Sale of Enodis Ice Machine Business May 16, 2009
May 15 /PRNewswire-FirstCall/ -- The Manitowoc Company, Inc. (NYSE: ) today completed the previously announced agreement to sell the Enodis ice machine operations to affiliates of certain funds managed by Warburg Pincus LLC for $160 million. This business has been sold to satisfy regulatory conditions of various jurisdictions, including the U.S. and Europe, related to the Enodis acquisition that was completed on October 27, 2008. (PR Newswire)
Max India raises Rs 150 cr through shares May 14, 2009
The promoters currently hold 35% in Max India while private equity firm Warburg Pincus owns 22% stake. Max Indias founder and chairman Analjit Singh told ET: The fund infusion will meet the companys finan 00004000 cing requirements as of now. (India Times)
Lifecore Biomedical marketing biogel May 12, 2009
New York-based Warburg Pincus, a private-equity firm, bought Lifecore for $239 million last year. cnewmarker@bizjournals. (Twin Cities Business Journal, MN)
Tullow's Stake In Ghana Jubilee Field Up For Auction May 11, 2009
Kosmos Energy owns the 30% stake and its private-equity owners, Blackstone and Warburg Pincus L.L.C, are keen to pocket the cash, it said. The report didn't provide further details on the stake held by Tullow Oil. (Ghana Web, Ghana)
Sheldon Good & Co. wants to stop payments to founder May 7, 2009
Mr. Cuticelli formed the company in 2004 with New York-based Warburg Pincus LLC, a multibillion-dollar private-equity firm. Meanwhile, Good which has been hurt financially by the slowdown in the commercial real estate sales market, has also seen the value of its well-known brand damaged. (Crain's Chicago Business)
MEDICAL: PhotoThera raises $50 million to test stroke therapy (15) May 5, 2009
The funding round was led by the private equity fund Warburg Pincus, along with The Vertical Group LP; Hamilton BioVentures; Delphi Ventures; DeNovo Ventures and some individual investors from Monterey Advisors Inc.. In addition, PhotoThera, which is privately held, appointed Arthur T. Taylor president and chief executive officer. (North County Times)
The Manitowoc Company Reports Financial Results for the First Quarter of 2009 May 1, 2009
This business is being sold to Warburg Pincus Private Equity X, L.P. in order to satisfy US and European regulatory conditions related to the Enodis acquisition. The sale is expected to be completed in May 2009. (PR Newswire)
Private Equity firms not losing hope Apr 20, 2009
The losers include the very best of PE fraternity, with names like Citigroup, Temasek, 3i, UTI Venture Funds, CLSA, Warburg Pincus and JP Morgan figuring in the list. Losses suffered by retail investors, who invested in companies with high institutional holdings, could be many times the losses posted by PE firms. (India Times)
Investors cheered by eBay's plan... Apr 15, 2009
The pair have been plotting with a quartet of private equity groups including Warburg Pincus to seize back the business they founded. Related Links. (New York Post -- Business)
IPO Market Goes Back To School To Learn The Art Of Recovery Apr 15, 2009
In 2004, private equity group Warburg Pincus joined several veterans of the for-profit education field to form a venture. Like other commercial schools, they wanted to offer degrees that working adults could afford and fit into their schedules. (Investors Business Daily)
Bridgepoint Education Prices Initial Public Offering and Lists on New York Stock Exchange Apr 15, 2009
Warburg Pincus Private Equity VIII, L.P. has granted the underwriters a 30-day option to purchase up to 2,025,000 shares of common stock at the initial public offering price to cover over-allotments, if any. Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. acted as joint book-running managers of the offering. (PR Newswire)
Metavante to be acquired by Fidelity National Apr 2, 2009
Warburg Pincus is expected to own 11 percent of the combined company. The transaction is subject to approval by shareholders of both Fidelity and Metavante. (Jacksonville Business Journal, FL)
Martire to lead new Fidelity Apr 2, 2009
Metavante's largest shareholder, an affiliate of Warburg Pincus that owns 25 percent of Metavante's outstanding shares, has agreed to support the transaction. Warburg Pincus is expected to own 11 percent of the combined company. (Milwaukee Business Journal, WI)
Manitowoc to sell Enodis unit for $160M Mar 29, 2009
Under the transaction, Manitowoc will sell former Enodis subsidiaries Scotsman Group LLC, CastelMAC SpA, and Frimont SpA, together with certain property of another Manitowoc subsidiary that is used in the ice business, to Braveheart Acquisition Inc., a corporation formed by Warburg Pincus Private Equity X LP.. In early March, the Manitowoc-based manufacturer of construction cranes and commercial food service equipment reduced the value of the business, taking a $175 million impairment charge,... (Milwaukee Business Journal, WI)
A free kick for the anti-Chinalco league Mar 20, 2009
These including French food giant Danone, which still retains 23 per cent, and a US private equity firm, Warburg Pincus, with 6. 8 per cent.. (Sydney Morning Herald -- Business)
China blocks Coke's bid for juice company Mar 18, 2009
the French dairy and beverage company Groupe Danone holds 23 percent and Warburg Pincus, a American private equity firm has a 6. 8 percent stake. (International Herald Tribune -- Business)
NEIMAN MARC-DOWN Mar 12, 2009
The results were a black eye for private-equity giants TPG and Warburg Pincus, which together shelled out more than 5 billion to take it private in 2005. The quarterly loss included a 560 million writedown on assets, including stores and brands. (New York Post -- Business)
Candover considers scheme to wind... Mar 6, 2009
Warburg Pincus (WP), the private equity group, is to take a stake in Premier Foods, the Hovis and Mr Kipling group, as part of a 404 million fundraising. Premier, which has 1. (New York Post -- Business)
'N-deal, pathbreaker in India-US ties' Mar 5, 2009
Chip Kaye, co-president Warburg Pincus, sought India's help in building an international consensus on dealing with the economic crisis in a concerted manner, noting "a form of growing financial nationalism is growing not just in emerging market economies, but also developed market economies". Read business stories in. (India Times)
Premier Foods to Raise $537 Million Through Share Sale, Private Investment Mar 5, 2009
March 5 (Bloomberg) -- , the U.K. maker of Hovis bread, said it plans to raise 379 million pounds ($537 million) in a share sale alongside an investment from private- equity firm Warburg Pincus LLC. ... Warburg Pincus has also committed to a firm placing of 64 million pounds, or a 10. (Bloomberg -- UK)
Premier to raise 404m and sell s... Mar 5, 2009
Premier Foods, the Hovis, Mr Kipling and Branston pickle maker, this morning confirmed that Warburg Pincus, the private equity group, is becoming a significant shareholder ... Warburg Pincus will end up with a minimum of 10 per cent of the company as part of its investment but, due to a clawback scheme, could end up with as much as 20 per cent depending on demand for shares from Premier s existing investors ... Mr Schofield said that the involvement of Warburg Pincus which is entitled to a seat... (New York Post -- Business)
Ghana Oil & Gas Update Feb 27, 2009
After hitting oil in Ghana, its backers, Warburg Pincus and Blackstone Capital Partners, an affiliate of the Blackstone Group, injected a further $500 million into the company. Warburg manages more than $35 billion of assets around the world, while The Blackstone Group is responsible for assets of about $119 billion. (Ghana Web, Ghana)
Jailed Billionaires Become New Face of China as Markets Worldwide Unravel Feb 25, 2009
To bring international experience to the board, Huang recruited Chang Sun, who runs the China business of New York- based Warburg Pincus, which owns about 1 percent of Gome stock; American Tom Manning, a former Bain & Co. managing director; and Greaves of Hanson Capital. As they prospered, Huang and Du embraced some of the trappings of wealth. (Bloomberg)
NewStar Financial Announces Change to Its Board of Directors Feb 10, 2009
Mr. Bralver is the Senior Associate Dean for International Business and Finance at the Fletcher School at Tufts University, was a founding partner and Vice Chairman of Oliver, Wyman & Co., and has served as a Strategic Advisor at Warburg Pincus, LLC. Mr. Bralver will also serve on the board's Risk Committee. I would like to welcome Chuck and I am pleased to have him as a member of our Board of Directors. (Primezone Releases)
Cosmos Energy Seeks Buyers For Ghana Oil Assets Feb 10, 2009
Kosmos, which is backed by private-equity firms Warburg Pincus and Blackstone Group (BX), operates the West Cape Three Points block with a 30. 875% stake and has an 18% stake in the adjacent Deepwater Tano block. (Ghana Web, Ghana)
Road warrriors get new home in Tempe - aloft Feb 8, 2009
The new aloft was developed by Triyar Hospitality and Warburg Pincus Real Estate and is managed by Starwood. Triyar also developed the new W Scottsdale. (AZCentral -- Business)
