Hints and tips:
...Warburg Pincus recently raised more than $17bn for its latest flagship private equity fund despite a difficult market....
...A question mark remains over how far a global sea mining industry would need states’ support to compete on costs with terrestrial mining....
...Gaining approval from Cfius marks a significant milestone in closing a transaction that was first agreed roughly a year ago with the current owner of Fortress, Japan’s SoftBank....
...Warburg Pincus bucks a poor fundraising market A number of old-line private equity firms, including Warburg Pincus, are bucking a poor fundraising market....
...Our friends over at FT Alphaville calculate that the proposal to move gradually to a 3 to 5 per cent allocation would mean almost $80bn — roughly the equivalent of a TPG, Warburg Pincus or General Atlantic...
...More than two dozen buyout groups, including Apollo, TPG, Warburg Pincus and Advent International have committed to a plan called Ownership Works that aims to generate more than $20bn in wealth for workers...
...The company was previously backed by General Atlantic and Warburg Pincus, which took the business public on the London Stock Exchange in 2019....
...Takashi Murata, Goldman’s co-head of Asia Pacific private investing, is also departing to join Warburg Pincus as co-head of Asia real estate....
...His departure, coupled with the firm’s decision to carve off its highly successful China arm last month, marks the end of a long and successful chapter....
...As our MainFT colleague Mark Vandevelde has written, today’s lumbering conglomerates are arguably the private equity firms themselves....
...LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus are nearing a deal to merge their blank cheque company with Joby Aviation, valuing the flying taxi developer at about $5.7bn, said people...
...Other investors include Tony Fadell, former chief executive of smart home pioneer Nest, and Mark Pincus, the founder of video game group Zynga. DiCaprio is an investor and adviser to the company....
...But debt taken on by buyout firms themselves, as opposed to their portfolio companies, marks a shift from the past....
...Lee, a former Warburg Pincus and McKinsey executive, had been making mass changes inside Carlyle, consolidating many subscale divisions while pushing quickly into credit, real estate and insurance-based...
...Valeant spent $8.7bn to buy Bausch & Lomb from private equity group Warburg Pincus in 2013, when it was on a long acquisition spree....
...One scoop to start: Private equity groups Warburg Pincus and Permira are preparing to list or sell wealth manager Tilney Smith & Williamson as they seek to exit their investment 18 months after a merger....
...Lee joined Carlyle from Warburg Pincus in 2013, over a quarter century after the New York and Washington-based group was founded....
...Aurora said on Thursday it would merge with a special purpose acquisition vehicle set up by LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus....
...Inspired, which is backed by private equity firms TA Associates and Warburg Pincus, is one of several companies including Pearson that are expanding their online schooling operations....
...disclosure rules (FT) Binance plans to take $200mn stake in US business media group Forbes (FT) German financial regulator probes Adler over its accounting (FT) Informa sells Pharma Intelligence to Warburg Pincus...
...However, Inmarsat was sold to a consortium led by Apax and Warburg Pincus for $6bn in 2020....
...Joby Aviation has agreed to merge with a blank cheque company launched by the entrepreneurs Reid Hoffman and Mark Pincus, in a deal that values the electric flying taxi developer at $6.6bn after a new fundraising...
...Mark Pincus, the billionaire founder of the online game company Zynga, in 2011 predicted that “game mechanics will be the most valuable skill in the new economy”....
...The new take-private marks the latest in a series of bets on distressed companies by TowerBrook....
...“It’s a little bit higher leverage than Viasat was planning to have on its own at peak,” said Mark Dankberg, Viasat’s executive chair....
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