GetWiki

{{Short description|New York private equity firm}}{{Use mdy dates|date=December 2023}}

factoids

Charles R. Kaye (Chief executive officer)>Timothy Geithner (president)}}450 Lexington AvenueNew York City, New York (state)>New York, U.S.| industry = Private equityInvestments|Private equity funds}}TITLE=WARBURG PINCUS CLOSES CHINA-SOUTHEAST ASIA COMPANION FUND AT $4.25 BILLION ACCESS-DATE=OCTOBER 27, 2019, PIOnline.com, 82.66 billionPUBLISHER=U.S. SECURITIES AND EXCHANGE COMMISSION PAGES=22,24, warburgpincus.com}}| num_employees = 754 (2022)}}Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India.WEB, Raghuvanshi, Gurav, May 17, 2016, Warburg Pincus Opens Office in Singapore,www.wsj.com/articles/warburg-pincus-opens-office-in-singapore-1463494683, October 27, 2019, WSJ.com, Warburg has been a private equity investor since 1966.WEB, PEI 300 {{!, Top private equity firms |url=https://www.privateequityinternational.com/pei-300/ |access-date=June 24, 2022 |website=Private Equity International |language=en-GB}}NEWS, Daniel Fisher, September 4, 2013, Warburg Pincus: The Merchant Of Modest, Forbes,www.forbes.com/sites/danielfisher/2013/09/04/warburg-pincus-the-merchant-of-modest/#5139b20c4dfb, As of October 2023 the firm had over $82 billionWEB, WARBURG PINCUS CLOSES ON $17.3 BILLION GLOBAL PRIVATE EQUITY FUND,www.prnewswire.com/news-releases/warburg-pincus-closes-on-17-3-billion-global-private-equity-fund-301951386.html, prnewswire.com, December 17, 2023, en, October 10, 2023, in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor.NEWS, Michael J. De La Merced, May 10, 2013, Warburg Pincus Closes Latest Fund at $11.2 Billion, The New York Times,dealbook.nytimes.com/2013/05/10/warburg-pincus-closes-latest-fund-at-11-2-billion/, Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.WEB, June 22, 2022, Pharma Intelligence Unveils Its Rebrand to Citeline Following Transition to Independent Company,www.globenewswire.com/news-release/2022/06/22/2467310/0/en/Pharma-Intelligence-Unveils-Its-Rebrand-to-Citeline-Following-Transition-to-Independent-Company.html, June 24, 2022, Globe Newswire, In June 2023, Warburg Pincus was ranked 10th in Private Equity International’s PEI 300 ranking of the largest private equity firms in the world.WEB, June 1, 2023, PEI 300 {{!, The Largest Private Equity Firms in the World |url=https://www.privateequityinternational.com/pei-300/ |access-date=June 2, 2023 |website=Private Equity International |language=en-GB}}WEB, Farman, Madeleine, June 1, 2023, Blackstone once again crowned largest private equity fundraiser in PEI 300,www.privateequityinternational.com/blackstone-once-again-crowned-largest-private-equity-fundraiser-in-pei-300/, June 2, 2023, Private Equity International, en-GB,

History

{{history of private equity and venture capital}}

Founding and early history

In 1939, Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York, the Kuhn Loeb building. Throughout the early post-war period, the firm was a small office of 20 employees. In 1966, E.M. Warburg merged with Lionel I. Pincus & Co, forming a new company that eventually became known as E.M. Warburg, Pincus & Co.NEWS, Bansal, Paritosh, October 11, 2009, Warburg Pincus founder Lionel Pincus dies, Reuters,www.reuters.com/article/warburgpincus-founder-idUSN117231520091011, In 1965, when Eric Warburg retired to Germany, control was handed to Lionel Pincus, a partner in the Ladenburg Thalmann investment bank, and the working language of the office switched from German to English.In 1967, John Vogelstein, a former partner at Lazard Freres, joined Pincus to build the firm.NEWS, Fabrikant, Geraldine, October 11, 2009, Lionel Pincus, Who Helped Bring Investors to Private Equity, Dies at 78, The New York Times,www.nytimes.com/2009/10/12/business/12pincus.html, October 3, 2020, Together they developed a strategy of investing in diversified companies of various sizes rather than focusing on start-ups.NEWS, April 21, 2006, We’ll Do It Our Way, Forbes,www.forbes.com/forbes/2006/0508/106.html#3c84dc025060, October 3, 2020, Pincus was the founder and chairmanNEWS, October 13, 2009, Lionel Pincus, 78, founder, chairman of Warburg Pincus, Boston Globe, Associated Press,archive.boston.com/bostonglobe/obituaries/articles/2009/10/13/lionel_pincus_78_founder_chairman_of_warburg_pincus/, October 3, 2020, while Vogelstein was vice chairmanNEWS, Lattman, Peter, Miller, Stephen, October 13, 2009, Wall Street Leader Helped Shape Private-Equity Arena, The Wall Street Journal,www.wsj.com/articles/SB125536797649780695, October 3, 2020, and then president.NEWS, Harmetz, Aljean, February 10, 1983, Orion Group Gets Filmways, The New York Times,www.nytimes.com/1982/02/10/business/orion-group-gets-filmways.html, October 3, 2020, BOOK, Janeway, William H.,books.google.com/books?id=UQAhAwAAQBAJ&dq=john+vogelstein+president&pg=PA91, Doing Capitalism in the Innovation Economy, May 17, 2018, Cambridge University Press, 978-1108471275, 2, 91, October 3, 2020, Pincus and Vogelstein ran the company until 2002, when they stepped down and appointed Charles Kaye and Joseph P. Landy as co-presidents. Pincus died in 2009.Warburg Pincus began investing in Europe in 1983 and opened its first office in Asia in 1994. It has invested more than $5 billion in Europe; more than $3 billion in IndiaNEWS, Shraddha Nair, December 4, 2011, Niten Malhan & Vishal Mahadevia – We would like to be specialists, LiveMint.com,www.livemint.com/2011/12/04230111/Niten-Malhan-amp-Vishal-Maha.html, and more than $3.3 billion in China. The firm is headquartered in New York and has offices in Beijing, Berlin, Hong Kong, Houston, London, Mumbai, San Francisco, São Paulo, Shanghai and Singapore, with administrative offices in Amsterdam, Luxembourg and Mauritius.WEB, Warburg Pincus Locations,www.warburgpincus.com/contact/Default.aspx, Warburg Pincus LLC, The firm is structured as a global partnership led by CEO, Charles Kaye, and President, Timothy Geithner.WEB, Porter, Kiel, July 16, 2019, Joe Landy Stepping Aside as Warburg Pincus Co-CEO,www.bloomberg.com/news/articles/2019-07-16/joe-landy-is-said-to-be-stepping-aside-as-warburg-pincus-co-ceo, February 5, 2020, Bloomberg,

Initial public offerings

More than 140 Warburg Pincus companies have listed on exchanges, raising approximately $30 billion in public markets.NEWS, August 4, 2016, KKR, Warburg Pincus, Farallon and Capital Group Private Markets Make Substantial Investment in GO-JEK, Business Wire,www.businesswire.com/news/home/20160804005797/en/KKR-Warburg-Pincus-Farallon-Capital-Group-Private, In each of these IPOs, the firm was the principal financial investor in the portfolio company. The companies have listed on 13 exchanges, including at least 30 IPOs outside the U.S. In August 2010, a six-year partnership between management and Warburg Pincus led to MEG Energy’s successful IPO.

Funds

Warburg Pincus has a history of venture capital investing. The firm is a founding member of the venture capital associations in the U.S. and China, and offers a global entrepreneur in residence program to help start up new businesses.WEB, Khullar, Arshiya, December 3, 2018, Warburg Pincus bets on entrepreneurship,www.perenews.com/print-editions/december-2018-january-2019-issue/warburg-pincus-bets-entrepeneurship/, October 27, 2019, PERENews, In October 2014, Reuters reported that Warburg Pincus had raised $4 billion for its first energy-focused private equity fund.NEWS, Greg Roumeliotis, October 27, 2014, Warburg Pincus raises $4 billion private equity fund for energy, Reuters,www.reuters.com/article/us-warburgpincus-energyfund-idUSKBN0IG1GK20141027, In late 2018, Warburg Pincus closed its Warburg Pincus Global Growth, L.P. fund at $14.8 billion, and in June 2019, closed its Warburg Pincus China-Southeast Asia II, L.P. fund at $4.25 billion.WEB, Kreutzer, Laura, June 26, 2019, Warburg Tilts to Southeast Asia With New $4.25 Billion Fund,www.wsj.com/articles/warburg-tilts-to-southeast-asia-with-new-4-25-billion-fund-11561590061, October 27, 2019, WSJ PRO Private Equity, In April 2023, Warburg Pincus and ArchiMed agreed to sell the France-headquartered business Polyplus to life science group Sartorius for approximately €‎2.4 billion.WEB, Farman, Madeleine, April 4, 2023, ArchiMed scores 300x return for debut fund with Polyplus exit,www.privateequityinternational.com/archimed-scores-300x-return-for-debut-fund-with-polyplus-exit/, April 6, 2023, Private Equity International, en-GB,

Fight over the Warburg name

During the post-war period, Eric Warburg vied with his cousin Siegmund Warburg, founder of S.G. Warburg, over the use of the Warburg name in New York. Siegmund wished to expand the S.G. Warburg franchise into New York but was blocked by the existence of E.M. Warburg & Co. Following the effective sale of the business to Pincus, Siegmund Warburg accused Eric of prostituting the Warburg name. “Complicating matters was that Siegmund thought Pincus the wrong kind of Jew—of Eastern European ancestry, with a garment-district background. Professionally, he thought Pincus well below haute banque stature in the venture capital world.“BOOK, Ron Chernow, Ron Chernow, The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family, Knopf Doubleday Publishing Group, 1994, 978-0-679-74359-0, In January 1970, Siegmund finally got the name changed to E.M. Warburg, Pincus & Company to differentiate it from S.G. Warburg & Company. “In the end, however, Lionel Pincus had the last laugh on Siegmund. He expanded Eric’s tiny firm into a giant, thriving business, with three and a half billion dollars of venture capital partnerships.“In 1999, they attempted to purchase English Premier League association football club Everton.NEWS, October 16, 1999, Everton takeover bid accepted, BBC News,news.bbc.co.uk/1/hi/sport/football/476619.stm, January 6, 2010,

Acquisition, partnership and merger

Warburg Pincus invested in the information and communication technology sectors, including investments in Avaya, Bharti Tele-Ventures, Harbour Networks, NeuStar, PayScale, and Telcordia.NEWS, Shah, Sneha, July 13, 2017, Warburg Pincus puts Rs 700 crore in CleanMax, The Economic Times,economictimes.indiatimes.com/industry/energy/power/warburg-pincus-puts-rs-700-crore-in-cleanmax/articleshow/59569292.cms, WEB, CleanMax Solar Announces Equity Financing of USD 100 Million from Warburg Pincus,www.warburgpincus.com/content/uploads/2017/07/13_07_2017_Funding-press-release-Final-Version.pdf, WEB, July 13, 2017, Warburg Pincus investing up to $100 mn in CleanMax Solar,www.vccircle.com/warburg-pincus-invests-109-mn-in-cleanmax-solar/, VCCircle, NEWS, Cook, John, April 24, 2014, Salary report generator PayScale getting up to $100M in deal led by Warburg Pincus, GeekWire,www.geekwire.com/2014/salary-report-generator-payscale-receive-100m-deal-led-warburg-pincus/, May 7, 2014, NEWS, January 12, 2012, Telcordia Ericsson closes Telcordia acquisition, Reuters,www.reuters.com/article/2012/01/12/idUS59628+12-Jan-2012+HUG20120112,www.reuters.com/article/2012/01/12/idUS59628+12-Jan-2012+HUG20120112," title="web.archive.org/web/20120116011558www.reuters.com/article/2012/01/12/idUS59628+12-Jan-2012+HUG20120112,">web.archive.org/web/20120116011558www.reuters.com/article/2012/01/12/idUS59628+12-Jan-2012+HUG20120112, dead, January 16, 2012, WEB, Warburg Pincus Investments,www.warburgpincus.com/portfolio/Default.aspx, Warburg Pincus LLC, Warburg Pincus has invested in companies such as CityMD, The Summit Medical Group, Harbin Pharmaceutical,NEWS, November 6, 2005, Warburg Pincus takes 22.5 pct stake in China’s Harbin Pharmaceutical – report, Forbes.com,silicastar.com/news/press/1105/CITIC_%20Harbin_Pharma.pdf, Venari Resources, NIO, ZTO ExpressNEWS, June 27, 2019, Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia, Tech Crunch,techcrunch.com/2019/06/26/warburg-pincus-china-southeast-asia/, in China and South East Asia, Bharti Telecommunications, Apollo Tyres Ltd,NEWS, March 5, 2020, Warburg continues to bet big on India, Livemint,www.livemint.com/companies/news/warburg-continues-to-bet-big-on-india-11583426652432.html, Ecom Express,NEWS, June 4, 2015, Warburg Pincus to invest Rs 850 crore in Ecom Express, Economic Times,retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/warburg-pincus-to-invest-rs-850-crore-in-ecom-express/47536263, SBI General InsuranceNEWS, December 13, 2019, CCI nod for Napean, Warburg Pincus stake buy in SBI General Insurance, The Hindu Business Line,www.thehindubusinessline.com/money-and-banking/cci-nod-for-napean-warburg-pincus-stake-buy-in-sbi-general-insurance/article30299982.ece, in India, AmRest in PolandNEWS, April 26, 2010, Warburg Pincus in PLN 307.2m PIPE for AmRest, Unquote.com,www.unquote.com/cee/official-record/1602727/warburg-pincus-supports-growth-amrest-pln-307-capital-increase, and Nuance Communications in the U.S.NEWS, January 15, 2009, Warburg Pincus invests $175m in Nuance, Boston.com,www.boston.com/business/ticker/2009/01/warburg_pincus.html, In 2019, the firm acquired a majority stake in healthcare tech company WebPT from Battery Ventures.Warburg Pincus acquires majority stake in WebPT, healthcareitnews.com.In May 2024, Warburg Pincus acquired Shriram Housing Finance at Rs 4,630 crore.WEB, Warburg Pincus Makes Landmark Acquisition of Shriram Housing Finance,www.brutimes.com/news/business/warburg-pincus-makes-landmark-acquisition-of-shriram-housing-finance, Bru Times News, en,

See also

• M. M. Warburg & Co.
• S. G. Warburg & Co.

References

{{Reflist|2}}

External links

• {{Official websitewww.warburgpincus.com}}
• Stocks held by Warburg Pincus LLC

{{Private equity and venture capital}}{{Largest private equity firms}}