PE-backed Terra to buy WPX Energy Rocky Mountain for $910 mln

By Iris Dorbian — 10 hours ago

Houston-based oil and gas company Terra Energy Partners has agreed to acquire WPX Energy Rocky Mountain LLC from WPX Energy Inc for $910 million in cash. Included in this transaction are 200,000 net acres in the Piceance Basin of Colorado. Also, as a result of this deal, Terra’s current backer Kayne has increased its equity commitment while new backer Warburg Pincus has made an investment. According to Terra, its total equity commitment is now $800 million.

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PE-backed MultiView hires EVP of sales

By Iris Dorbian — 3 weeks ago

MultiView, which is backed by Warburg Pincus, has named Tom Benson as executive vice president of sales. Previously, Benson worked at Intuit where he served as a sales and support director. MultiView is a provider of digital marketing solutions in the B2B sector.

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Harvest promotes one and hires another

By Iris Dorbian — 4 weeks ago

Harvest Partners promoted Stephen Carlson to managing director and hired Uzair Dossani as managing director. Prior to joining Harvest, Carlson worked at DLK Merchant Banking Partners while Dossani worked at Warburg Pincus.

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Warburg, General Atlantic to buy 49% of Network International

By Luisa Beltran — 2 months ago

Warburg Pincus and General Atlantic agreed to acquire a 49 percent stake in Network International  from The Abraaj Group. Financial terms weren’t announced. Emirates NBD will continue to own a 51 percent stake in the Company. Network International, of Dubai, is a payment solutions provider in the Middle East and Africa. Perella Weinberg Partners, Morgan Stanley and Citi provided financial advice to Warburg/General atlantic.

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Warburg Pincus to invest up to $300 mln into Vertice Pharma

By Iris Dorbian — 3 months ago

Warburg Pincus will invest up to $300 million into the newly launched Vertice Pharma, a specialty pharmaceuticals company based in both the UK and New Jersey. In addition to the financing, Don DeGolyer will join Vertice as CEO while Andrew Saik will become the company’s chief financial officer. Jefferies provided financial advice to Vertice Pharma on the transaction.

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Triton Container to combine with TAL International

By Luisa Beltran — 3 months ago

Triton Container International Ltd. is merging with TAL International Group Inc. in a stock swap. Triton shareholders will own 55 percent of the equity of the combined company and TAL shareholders have 45 percent. Triton, which operates a container fleet of 2.4 million TEU, is backed by Warburg Pincus LLC and Vestar Capital Partners. TAL International operates a container fleet of 2.4 million TEU. Once the deal closes, Warburg will have about 27 percent of the newly-formed Triton International Ltd. while Vestar will own 15 percent. Wells Fargo Securities advised Triton while BofA Merrill Lynch advised TAL.

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Warburg to exit The Mutual Fund Store

By Luisa Beltran — 3 months ago

Warburg Pincus has agreed to sell The Mutual Fund Store L.L.C. to Financial Engines for $560 million, including cash and stock. Overland Park, Kansas-based The Mutual Fund store is a registered investment advisor. Warburg will become Financial Engine’s largest stockholder with a roughly 12.5 percent stake once the transaction closes. DBO Partners acted as financial advisor to Financial Engines while JP Morgan advised Warburg.

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Warburg Pincus to buy ITG’s energy research unit for $120.5 mln

By Iris Dorbian — 3 months ago

Warburg Pincus has agreed to acquire ITG‘s Calgary-based energy research group for $120.5 million cash. The deal is expected to be completed by the end of the year. PRESS RELEASE NEW YORK, Nov. 05, 2015 (GLOBE NEWSWIRE) — ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that it has signed a […]

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GML invests in Warburg Pincus

By Iris Dorbian — 3 months ago

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.

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