136 Views

Warburg closed Sterigenics buy

Warburg Pincus has closed its buy of a majority of Sterigenics International. Financial terms weren’t announced. GTCR, which was the seller, will retain a minority. The deal was valued at $2 billion, Reuters News has reported. Deerfield, Illinois-based Sterigenics provides contract sterilization services.

158 Views

Warburg Pincus-based Zenith Energy expands team with two hires

Houston-based Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals, has named Carlos Ruiz as chief financial officer and John Jessup as director of corporate development. Previously, Ruiz worked at Barclays Capital where he served as a managing director in the natural resources group while Jessup was a vice president at Riverstone Holdings. Zenith Energy is backed by Warburg Pincus.

123 Views

Warburg Pincus-backed Dude Solutions buys Mobile311

Dude Solutions Inc, a portfolio company of Warburg Pincus, has acquired Sanford, North Carolina-based Mobile311. a geographical information system and mobile mapping solution provider. No financial terms were disclosed.

108 Views

VC-backed Avalara appoints CMO

Bainbridge Island, Washington-based Avalara, which provides software for sales tax and other transactional tax compliance, has named Michael J. Turner as chief marketing officer. Previously, Turner was CEO and president at 1-800-DENTIST. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.

139 Views

PE-backed Dude Solutions buys Windmill Software

Dude Solutions Inc, which is backed by Warburg Pincus, has acquired Windmill Software Inc. No financial terms were disclosed. Based in Toronto, Windmill Software is a maker of senior living operations product TheWorxHub.

252 Views

Warburg Pincus and GTCR to recap Sterigenics

Warburg Pincus and GTCR will recapitalize Sterigenics International, a provider of contract sterilization, gamma technologies and medical isotopes. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Goldman, Sachs & Co. and Jefferies LLC were financial advisors to Sterigenics and GTCR while J.P. Morgan Securities LLC provided additional financial advice to GTCR. Also, JPMorgan will provide debt financing for the recap. Sterigenics is owned by GTCR.

217 Views

Carlyle and Warburg Pincus completes DBRS acquisition

The Carlyle Group and Warburg Pincus have closed their previously announced buy of Toronto-based credit rating agency DBRS. No financial terms were disclosed. Perella Weinberg Partners was financial advisor to DBRS on the transaction while CIBC World Markets Inc provided financial advice to The Carlyle Group and Warburg Pincus.

110 Views

VC-backed Avalara buys HotSpot Tax

Avalara has acquired HotSpot Tax Inc, which provides tax compliance solutions for the vacation rental sector. No financial terms were disclosed. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.

VC-backed Avalara recruits Falle as North American channel chief

Bainbridge Island, Washington-based Avalara, which provides software for sales tax and other transactional tax compliance, has hired Patrick Falle as North American channel chief. Previously, Falle worked at Imperva where he served as director of sales and was a founding employee. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.

214 Views

Warburg Pincus to invest $125 mln in Nirvana

Warburg Pincus has committed $125 million to Nirvana Development Tbk PT. The firms are creating a joint venture to build and develop a retail platform in Indonesia. Warburg has the option to invest another $75 million, the release said. The JV will seek to develop shopping malls across second- and third-tier cities in Indonesia. Jakarta, Indonesia-based Nirvana is a property developer.

145 Views

Velvet Energy racks up $100 mln

Velvet Energy, an oil and gas exploration and production company focused on the Western Canadian Sedimentary Basin region, has closed $100 million in funding. Previous backers Warburg Pincus LLC, Trilantic Capital Partners and ZAM Ventures LP led the round.

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