"The venture capital industry as an industry is contracting." This is what Warburg-Pincus Senior Adviser and tech investor Bill Janeway told Forbes Contributor Igor Stenmark in an interview.
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Survitec buyout backed with $457 million of debt
Canadian private equity firm Onex’s buyout of UK safety and survival equipment maker Survitec will be backed with around 300 million pounds ($457 million) of leveraged loans, banking sources said on Wednesday.
Carlyle, Warburg Pincus in the lead to acquire DBRS
A private equity consortium of Carlyle Group LP (CG.O) and Warburg Pincus LLC is in advanced talks to acquire privately held credit rating agency DBRS Ltd for more than $500 million, according to people familiar with the matter.
Canada's Onex in talks to buy UK survival firm Survitec
Canadian buyout firm Onex Corp (OCX.TO) is in talks to buy a UK safety and survival equipment maker from Warburg Pincus LLC [WP.UL] for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussions.
Financial software maker Yodlee's shares rise 45 percent in debut
Shares of Yodlee Inc (YDLE.O), which is backed by private equity firm Warburg Pincus [WP.UL], rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million. The company raised about $75 million after its initial public offering was priced at $12 per share, the mid-point of its expected range of $11-$13 per share.
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Bangalore, India-based outsourced engineering solutions provider Quest Global Engineering added Houston, US-based engineering firm Beeken TechQuest for an undisclosed sum to meet the engineering workforce demand in the oil & gas industry.
CrowdStrike, a cybersecurity company backed by private equity, said it had evidence that linked the Russian government to cyber espionage campaigns on numerous Asian, European and American companies, Reuters reported.
With a recovery in the IPO market propelling private equity backers to exit their investments, lenders are readying to list more UK retailers on the London bourse, the Financial Times reported.
Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.
China-based coal bed methane producer AAG Energy Ltd may revive its plan for an initial public offering (IPO) in Hong Kong which was shelved last year, to raise funds for its 2014 operations.
The 2012 controversy involving the private equity industry and Washington has not stopped the industry from continuing to offer former public officials with huge paydays, Politico reported.
Investment bank Goldman Sachs Group will provide a $120 million loan to Warburg Pincus-backed warehouse firm e-Shang. e-Shang reportedly plans to go public in the next few years.
Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
