Investment Summary

Warburg Pincus Invests In Cargomatic

On August 15, 2018, private equity firm Warburg Pincus invested in transportation company Cargomatic

Investment Highlights
  • This is Warburg Pincus’ 12th transaction in the Transportation sector.
  • This is Warburg Pincus’ 187th transaction in the United States.
  • This is Warburg Pincus’ 42nd transaction in California.

Investment Summary
Date 2018-08-15
Target Cargomatic
Sector Transportation
Investor(s) Warburg Pincus
Deal Type Venture

Target

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.

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Investor(S) 1

Investor

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 381 of 482
Sector (Transportation) 12 of 12
Type (Venture) 57 of 70
State (California) 42 of 46
Country (United States) 187 of 237
Year (2018) 30 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-16 Leyou

Beijing, China

Leyou is a maternal and child retail industry. Leyou provides families aged 0-6 with safe and healthy maternal and child products, an extremely convenient shopping experience, and professional services that are friendly to customers with the original intention of "letting parents worry-free parenting and letting beauty accompany their children to grow up". Leyou was founded in 1999 and is based in Beijing, China.

Buy -
Mergr

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