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Tag Archives: Warburg Pincus

Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

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Report: Inmarsat Gets $3.4B Takeover Bid From Private Equity Firms, Pension Funds

Global satellite communications firm Inmarsat has received a $3.4B takeover offer from a consortium of private equity firms and Canada-based pension funds, Bloomberg reported Monday. Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board made a $7.21-per-share bid for Inmarsat through a joint venture owned in …

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TransDigm to Buy Aerospace & Defense Services Firm Extant for $525M

TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million. Cleveland-based TransDigm said Monday it plans to finance the deal with cash on hand and funds under a revolving credit facility. Extant offers aftermarket-focused electronics, avionics and electromechanical products to the …

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Timothy Geithner to Lead Warburg Pincus as President

Timothy Geithner, former treasury secretary, will serve as president and managing director at New York-based private equity firm Warburg Pincus starting in March 2014, Reuters reported Saturday. Lisa Shumaker and Julie Steenhuysen write Geithner will help oversee business strategies, investments, funding, organizational structure, portfolio and investor relations. Geithner was a …

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Ericsson Closes $1.15B Deal to Buy Telcordia

Ericsson (NASDAQ: ERIC) announced Thursday it has closed its $1.15 billion cash acquisition of Telcordia. Ericsson expects the deal to increase its earnings per share in the year after closing. Telcordia and its employees are now part of the Ericsson Group. Ericcson’s business unit Multimedia will manage Telcordia, although Ericsson said Telcordia’s …

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Ericsson to Buy Telcordia for $1.15B Cash

Ericsson has reached an agreement to acquire mobile, broadband and enterprise communications firm Telcordia for $1.15 billion cash from its private equity owners Providence Equity Partners, LLC and Warburg Pincus. Approximately 2, 600 of Telcordia’s employees will join Ericsson. Telcordia generated $739 million in revenues in the fiscal year ended Jan. 31, 2011, and Ericsson expects …

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