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Warburg Pincus

Iron worker Tyler Brown leans on a safety fence to look at the New York skyline

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.

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Carlyle Group LP

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.

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Onex

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.

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IPO

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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Beijing, China

China Huarong says Goldman, Warburg, others to buy $2.4 billion stake

China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion).

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GrubHub

GrubHub Inc. announces IPO price, to start trading on NYSE on Friday

GrubHub Inc. announced pricing its public debut at USD26 per share piece and would start trading on Friday on the New York bourse, reported Reuters.

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US Dollar Notes

Warburg-Pincus Senior Adviser Bill Janeway says venture capital industry is contracting

"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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Quest Global

India's Quest Global bought American engineering firm Beeken

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.

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CrowdStrike

Russian government spied on American, European and Asian firms- CrowdStrike

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.

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London Stock Exchange

As IPO market recovers, more retailers set to list in London- report

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.

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Warburg Pincus

Warburg Pincus agrees to acquire UK-based asset management firm Source

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.

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Neiman Marcus

Neiman Marcus Department store chain given two weeks to answer to data breach

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.

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AAG Energy Ltd

AAG Energy considers reviving Hong Kong IPO

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.

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Timothy Geithner

Private equity lures Washington heavyweights with huge paydays after government stint- report

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.

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Goldman Sachs Group

Goldman Sachs grants $120 million pre-IPO loan to Chinese warehouse firm

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.

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