Investment Summary

Warburg Pincus Invests In Service Compression

On January 17, 2024, private equity firm Warburg Pincus invested in oil/gas exploration company Service Compression

Investment Highlights
  • This is Warburg Pincus’ 40th transaction in the Oil/Gas Exploration sector.
  • This is Warburg Pincus’ 234th transaction in the United States.
  • This is Warburg Pincus’ 37th transaction in Texas.

Investment Summary

Date 2024-01-17
Target Service Compression
Sector Oil/Gas Exploration
Investor(s) Warburg Pincus
Deal Type Growth Capital
Advisor(s) Baker Botts (Legal)

Target

Service Compression

Lubbock, Texas, United States
website
Service Compression is a provider of natural gas compression services for exploration and production companies at the wellhead. The company focuses on advancing the upstream oil and gas sector's ESG (environmental, social, and governance) initiatives through its differentiated service and technology offerings. Service Compression is headquartered in Lubbock, Texas, with field offices in Texas, New Mexico, Oklahoma, and Arkansas.

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Investor(S) 1

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 473 of 475
Sector (Oil/Gas Exploration) 40 of 40
Type (Growth Capital) 156 of 157
State (Texas) 37 of 37
Country (United States) 234 of 234
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Reiss

Leicester, United Kingdom

Reiss is a global luxury apparel brand, producing and selling high-quality, classic and contemporary men’s and women’s clothing and accessories. The company currently operates from over 160 locations in 15 countries through a network of owned stores, concession partners, and franchised operations, whilst also growing strongly through its own and partner online platforms. Reiss was founded in 1971 and is based in Leicester, United Kingdom.

Sell £128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Procare Solutions

Denver, Colorado, United States

Procare Solutions is a provider of child care management software, integrated payment processing, technology and services. The company supports over 30,000 preschools, daycare centers, after-school programs, camps and related facilities with a broad product suite that serves the complex and unique demands of the child care market. With Tuition Express, the company’s integrated payment processing platform, Procare saves schools time and cost, providing seamless bank reconciliations and speedy electronic payment delivery. Procare is the trusted partner to schools and parents across the United States. Procare offers both a desktop solution and cloud hosting, and supports customers of all sizes from single-center operations to complex multinational enterprises. Procare Solutions was founded in 1992 and is based in Denver, Colorado.

Sell $1.8B