M&A Deal Summary

Warburg Pincus Acquires Max

On July 29, 2018, private equity firm Warburg Pincus acquired financial services company Max

Acquisition Highlights
  • This is Warburg Pincus’ 35th transaction in the Financial Services sector.
  • This is Warburg Pincus’ 5th transaction in Israel.

M&A Deal Summary

Date 2018-07-29
Target Max
Sector Financial Services
Buyer(s) Warburg Pincus
Deal Type Buyout (LBO, MBO, MBI)

Target

Max

Bnei Brak, Israel
Max is a financial institution focused on providing a portfolio of financial services; specializing in a wide range of card issuing, acquiring and processing services, as well as other payment and credit solutions. Max was formed in 2000 and is based in Bnei Brak, Israel.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


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 380 of 492
Sector: Financial Services M&A 35 of 48
Type: Buyout (LBO, MBO, MBI) M&A Deals 72 of 86
Country: Israel M&A 5 of 6
Year: 2018 M&A 29 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Cango

Shanghai, China

Cango is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The Company’s services primarily consist of automotive financing facilitation, automotive transaction facilitation, and after-market service facilitation. By utilizing its competitive advantages in technology, data, and cloud infrastructure, Cango is able to connect participants across its platform while bringing them a premium user experience. Cango was founded in 2010 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Cargomatic

Long Beach, California, United States

Cargomatic is a highly automated, touchless technology-enabled transportation provider focusing on the fragmented short-haul and drayage trucking markets. Through its mobile application, Cargomatic connects shippers, receivers and carriers and eliminates the volume of calls, emails and faxes traditionally needed to book a transaction. Cargomatic enables customers to track information in real-time, quickly access or list untapped trucking capacity within the market, improve service levels – including pick up time and delivery rates – and effectively manage outsourced vendors within one platform. Cargomatic was founded in 2013 and is based in Long Beach, California.

Buy -