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Encyclopedia > Warburg Pincus

Warburg Pincus is a private equity firm with offices in the United States, Europe and Asia. It has been a leading private equity investor since 1971. The firm currently has approximately $14 billion under management, and invests in a range of industries including information and communication technology, financial services, healthcare, leveraged buyouts and special situations, media and business services, energy and real estate. Warburg Pincus also has a long history as a leading investor in the information and communication technology sectors, including investments in Avaya, BEA Systems, Bharti Tele-Ventures, Cassatt, Harbour Networks, NeuStar, Telcordia and VERITAS Software. The firm is an experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value. Warburg Pincus has an active portfolio of more than 115 companies spanning the entire spectrum of scale and maturity. Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... For other uses, see Europe (disambiguation). ... For other uses, see Asia (disambiguation). ... Information and communication technology spending in 2005 Information technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ... Financial services is a term used to refer to the services provided by the finance industry. ... Health care or healthcare is one of the worlds largest and fastest growing professions. ... A leveraged buyout (or LBO, or highly-leveraged transaction (HLT), or bootstrap transaction) occurs when a financial sponsor gains control of a majority of a target companys equity through the use of borrowed money or debt. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Avaya Inc. ... BEA Systems, Inc. ... Bharti Telecom ,a Fortune 2000 company ,is among Indias largest mobile phone operator. ... The name Cassatt belongs to multiple prominent figures: Alexander Cassatt, president of the Pennsylvania Railroad 1899-1906 Mary Cassatt, American painter, sister of Alexander Cassatt This is a disambiguation page—a list of articles associated with the same title. ... NeuStar (NYSE: NSR) is a provider of essential clearinghouse services to the global communications and Internet industry. ... ... VERITAS Software Corp. ...

Contents

Founding and Early History

The firm was founded in 1938 by Eric Warburg of the Warburg banking family 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 remained a small office of not more than 20 employees. 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. Eric M. Warburg (1900-1990) was a member of the prominent Warburg family of German-Jewish bankers. ... The Warburg family is a German-Jewish family of bankers. ... Kuhn, Loeb & Co. ... Ladenburg Thalmann is a small New York City investment bank and broker founded in 1876. ...


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."[1] Pincus is a character in the famous book "Soll und Haben" of the German Writer Gustav Freytag. The character Loebel Pinkus is an abhorrent jew like Mausche Fischel and Schmeie Tinkeles. Member of prominent German-Jewish Warburg family, born 1902 in Hamburg, died 1982 in London. ... S.G. Warburg & Co was a London-based investment bank founded in 1946 by Siegmund George Warburg, a member of the Warburg family, a prominent German-Jewish banking family; and Henry Grunfeld, a former industrialist in the German steel industry. ...



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."[2]


External links

  • Warburg Pincus (link notice: javascript window resize script)

References

  1. ^ Ron Chernow, The Warburgs (Vintage: 1993).
  2. ^ Ibid.

  Results from FactBites:
 
Warburg Pincus buys 30 percent of Nyfix - Boston.com (466 words)
Private equity firm Warburg Pincus agreed to pay $75 million for about 30 percent of Nyfix Inc., a money-losing equity trading technology company that is enmeshed in the options backdating scandal.
NEW YORK --Private equity firm Warburg Pincus agreed to pay $75 million for about 30 percent of Nyfix Inc., a money-losing equity trading technology company that is enmeshed in the options backdating scandal.
Warburg Pincus plans to buy 1.5 million shares of preferred Nyfix stock convertible at $5 per common share.
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