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Carmel Leaves Cisco for Warburg Pincus

Warburg Pincus confirmed Monday that Charles Carmel has joined as an MD in its San Francisco office.

Carmel recently served as Cisco Systems’ VP of corporate development. My coworkers at Thomson Reuters said Carmel was Cisco’s top dealmaker and led the tech giant’s acquisitions of WebEx and Scientific Atlanta.

Before joining Cisco in 2001, Carmel was at Goldman Sachs, where he was a member of the technology investment banking group.

Pat Hackett, who heads Warburg’s technology, media and telecommunications group, said in a statement that he’s pleased Carmel is joining the buyout shop. “Charles’ experience and expertise in venture capital, M&A and technology are an excellent fit with Warburg Pincus’ growth-oriented approach to investing,” he said.