Permira invests in credit data provider Reorg

The deal is expected to close in the third quarter of 2022.

  • As part of the transaction, Warburg Pincus will sell its majority shareholding in Reorg to Permira, and the Reorg team will retain a significant ownership stake
  • Evercore served as financial advisor to Reorg while Morgan Stanley served as financial advisor to Permira
  • Founded in 2013, Reorg serves more than 25,000 professionals across the world’s top financial institutions, law firms and professional services businesses

Permira has made an investment in Reorg, a New York City-based provider of data, analytics and intelligence for the credit markets. As part of the transaction, Warburg Pincus will sell its majority shareholding in Reorg to Permira, and the Reorg team will retain a significant ownership stake. No financial terms were disclosed.

Founded in 2013, Reorg serves more than 25,000 professionals across the world’s top financial institutions, law firms and professional services businesses.

“Through the hard work and innovation of Reorg’s global team, we’ve grown from distressed debt and bankruptcy expertise into covering all aspects of the global credit markets, while maintaining our standards of best-in-class coverage.” said Kent Collier, Reorg’s founder and CEO, in a statement. “I couldn’t be more appreciative of the Reorg team and the support of Warburg Pincus the last four years. We are relentless in solving our customers’ most pressing problems and, with the investment from Permira, will push forward in finding ever smarter solutions in the years ahead.”

The deal is expected to close in the third quarter of 2022.

Evercore served as financial advisor to Reorg and Kirkland & Ellis LLP is acting as legal counsel. UBS Investment Bank and Morgan Stanley & Co. LLC served as financial advisors to Permira and Weil, Gotshal & Manges LLP is acting as legal counsel.

Founded in 1985, Permira advises funds with total assets under management of 60 billion plus euros. Permira has made approximately 300 private equity investments in four key sectors: Technology, Consumer, Healthcare and Services.

Warburg Pincus has more than $85 billion in assets under management. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $106 billion in over 1,000 companies in more than 40 countries.