Investment Summary

Warburg Pincus Invests In Converge

On October 14, 2019, private equity firm Warburg Pincus invested in communications company Converge

Investment Highlights
  • This is Warburg Pincus’ 16th transaction in the Communications sector.
  • This is Warburg Pincus’ 1st transaction in Philippines.
Investment Fate
  • Converge went public in 2020.
  • Converge was sold to a strategic buyer in 2025 for 1.3B CAD.

Investment Summary

Date 2019-10-14
Target Converge
Sector Communications
Investor(s) Warburg Pincus
Deal Type Stake Purchase

Target

Converge

Pasig City, Philippines
Converge is a fixed broadband provider. It provides high-speed internet at affordable prices to both retail and enterprise customers through its extensive proprietary fiber network that extends from the backbone to the last mile. Converge was founded in 2007 and is based in Pasig City, Philippines.

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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 412 of 492
Sector: Communications M&A 16 of 19
Type: Stake Purchase M&A Deals 30 of 36
Country: Philippines M&A 1 of 1
Year: 2019 M&A 20 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Fetch Pet Insurance

New York, New York, United States

Fetch Pet Insurance is a provider of pet health insurance subscriptions services. Fetch Pet Insurance offers flexible coverage with the widest range of benefits and cover vet bills up to 90%. Fetch Pet Insurance is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Softeon

Reston, Virginia, United States

Softeon is a provider of supply chain solutions from planning through execution, anchored by our Warehouse Management System (WMS) and Distributed Order Management (DOM) solutions. Softeon's solution platform is engineered to reduce complex problems into simple solutions for a faster time to market and lower the cost of ownership. Softeon was founded in 1999 and is based in Reston, Virginia.

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