Warburg Pincus News

There were no doubt several high-profile bankers who died in 2009 who merit a mention, but we are highlighting just five.

Afraid that EMI is about to default on $4.2 billion in loans, banking giant Citigroup is reportedly shopping for buyers for the struggling music group.

Reghu Balakrishnan Posted: Thursday, Dec 17, 2009 at 2319 hrs IST Updated: Thursday, Dec 17, 2009 at 2319 hrs IST Mumbai: Neeraj Bhargava, CEO, WNS Global Services, is believed to be quitting the BPO firm to set up a private equity fund with Harsha Raghavan, former managing director & head of India, Candover.

Internet auctioneer eBay Inc. began reneging on its promises to Craigslist shortly after taking a minority interest in the online classifieds site, Craigslist founder Craig Newmark testified Thursday.

Closely-held luxury department-store operator Neiman Marcus Inc., owned by an investor group led by Texas Pacific Group and Warburg Pincus, said Wednesday that its fiscal first-quarter profit fell to $8.52 million from $12.9 million.

After years of consideration and planning, Waterbury, Conn.-based Webster Bank will open a substantial branch office in Boston's financial district Monday, according to a bank spokeswoman.

Builders FirstSource has entered into an agreement to settle a class action lawsuit over its proposed recapitalization plan.

Warburg Pincus LLC, whose founder Lionel Pincus died last month, expects to find acquisition opportunities as rival private equity firms struggle to sell companies they own in initial public offerings .

WNS, an NYSE-listed business process outsourcing company, recorded good second quarter numbers, reflecting the improving market conditions in global markets.

ZeroIPO released a list of the 28 companies that went public last Friday on ChiNext, the new NASDAQ-style exchange in Shenzen.

EQT's Harry Klagsbrun, Ron Finley and EQT's Gunnar Asp at the October 29 2009 news conference announcing the acquisition.

Donald Layden, former general counsel of Metavante Corp. and president of Metavante International Group, has joined Warburg Pincus as an advisor, peHUB has learned.

Spigit , builder of internal social networks for large companies, announced today that it raised $10 million in equity from Warburg Pincus to expand its number of customers and continue product development.

Spigit, provider of the leading innovation management platform for the enterprise, announced today that it has received a $10 million equity investment from Warburg Pincus, a global private equity firm.

James Musselman , the Dallas executive who engineered the $3.2 billion sale of Triton Energy Ltd.

The Financial Tims reports that Bruce Wasserstein, the legendary CEO of Lazard, was hospitalized over the weekend, after he was found to have an irreguar heartbeat.

While the private equity industry is massive today, it is still a recent innovation.

A man wanted in the hijacking of a flight out of New York 40 years ago was arrested Sunday after arriving on a flight from Cuba, federal authorities said.

Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan.

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