Warburg Pincus-Led Group Acquires Exeter Finance from Blackstone Funds

EQT AB Acquires Exeter Property Group to Create EQT Exeter

January 26, 2021

Real Estate

EQT AB completed the $1.87 billion combination with Exeter Property Group, acquiring Exeter's management company and carried interest stakes and combining the businesses under the EQT Exeter brand. Consideration comprised approximately $800 million in newly issued EQT AB shares and $1,070 million in cash (including refinancing of existing Exeter debt); Exeter management received a mix of shares and cash and will join EQT leadership. The deal expands EQT's real estate capabilities and geographic footprint across North America and Europe.

Warburg Pincus Invests $400M in WEX Inc.

June 29, 2020

Payments & Fintech

WEX Inc. agreed to a $400 million private investment from an affiliate of Warburg Pincus, consisting of $310 million of convertible notes and $90 million of common stock, and also obtained an amendment to its senior secured credit facilities to increase financial flexibility. The transaction strengthens WEX's balance sheet and liquidity as it navigates COVID-19 headwinds and supports its strategic initiatives across fleet, travel and healthcare payments.

Warburg Pincus Takes Minority Stake in Aztec Group

September 3, 2024

Financial Services

Warburg Pincus has taken a minority equity stake in Aztec Group and will become a key client, using Aztec as its preferred fund administration partner across its global footprint. The investment will support Aztec's continued international expansion—particularly into the U.S.—and the build-out of capacity and capabilities while the existing management team and founder remain in place.

Warburg Pincus Acquires 80% Stake in Avanse Financial Services

March 16, 2019

Financial Services

An affiliate of Warburg Pincus has entered into a definitive agreement to acquire an 80% equity stake in Avanse Financial Services Limited from Wadhawan Global Capital. Warburg Pincus will also infuse INR 3,000 million of primary equity capital to support Avanse's growth as a specialized education finance NBFC in India.

Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake

February 25, 2019

Financial Services

Warburg Pincus agreed to acquire a majority interest in Kestra Financial in a recapitalization transaction, with funds managed by Stone Point Capital retaining a minority stake and Kestra management and certain advisors keeping equity. The deal will provide growth capital to expand Kestra's advisor platform, technology and recruiting initiatives and is expected to close subject to regulatory approvals.

Warburg Pincus Makes Minority Investment in Edelman Financial Engines

March 15, 2021

Financial Services

Warburg Pincus has agreed to acquire a minority equity stake in Edelman Financial Engines, joining lead investor Hellman & Friedman on the company's cap table and adding Michael Martin (Warburg Pincus) to the board. The transaction values Edelman Financial Engines at $7.3 billion and is structured as a recapitalization to support the firm's continued growth and expansion of its financial planning and workplace retirement services.