Groupe Marc de Lacharrière, a family holding company of Marc Ladreit de Lacharrière, has acquired a five percent stake in Warburg Pincus. No financial terms were disclosed; however, according to a spokesperson at the private equity firm, the proceeds will be used to invest in Warburg funds. In addition to the investment, Warburg Pincus has named Ladreit de Lacharrière as a senior strategic partner. He will also be investing in Warburg’s future funds as a limited partner.
New York and Paris – October 28, 2015 – Warburg Pincus, a leading global private equity firm focused on growth investing, and Groupe Marc de Lacharrière (GML), the family holding company of Marc Ladreit de Lacharrière, one of Europe’s preeminent business leaders, today announced that Mr. Ladreit de Lacharrière has become a Senior Strategic Partner with Warburg Pincus. GML has made an investment resulting in a 5% stake in the private equity firm. Additional financial terms of the transaction were not disclosed.
In addition to an investment in the firm, Marc de Lacharrière will invest in future funds as a limited partner.
“We are very pleased to have the opportunity to invest in Warburg Pincus,” said Mr. Ladreit de Lacharrière. “GML is delighted to become a long-term partner with a global private equity firm and Warburg Pincus perfectly matches our objectives with respect to investing model, culture, and persistence of performance.”
Warburg Pincus will use all of the proceeds to invest in its funds, thereby enhancing alignment between the firm’s professionals and limited partners, and to create additional financial flexibility for the firm.
Charles R. Kaye, Co-Chief Executive of Warburg Pincus, said, “Warburg Pincus has always valued clearly aligned interests – within our general partnership, with our limited partners who invest in our funds and with the management teams of the companies in which we invest. We know GML shares that commitment and this transaction is consistent with those interests.”
Joseph P. Landy, Co-Chief Executive of Warburg Pincus, stated, “We look forward to partnering with GML as we enhance our network of potential investment opportunities.”
Timothy F. Geithner, President of Warburg Pincus, added, “We are honored to introduce a figure of Marc’s standing to our firm.”
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $35 billion in assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 14 private equity funds, which have invested more than $50 billion in over 720 companies in more than 35 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo and Shanghai. For more information please visit www.warburgpincus.com.
About Groupe Marc de Lacharrière
GML is Marc Ladreit de Lacharrière’s family holding company. It owns several investments, including 86% in Fimalac, a publicly traded company in France. Fimalac is a diversified group active in finance (Fitch Ratings), digital, entertainment, leisure activities, luxury hotels and real estate.