Investment Summary

Warburg Pincus Invests In DriveCentric

On January 1, 2023, private equity firm Warburg Pincus invested in software company DriveCentric

Investment Highlights
  • This is Warburg Pincus’ 33rd transaction in the Software sector.
  • This is Warburg Pincus’ 232nd transaction in the United States.
  • This is Warburg Pincus’ 1st transaction in Missouri.

Investment Summary

Date 2023-01-01
Target DriveCentric
Sector Software
Investor(s) Warburg Pincus
Deal Type Growth Capital

Target

DriveCentric

St. Louis, Missouri, United States
DriveCentric is a disruptor of customer relationship management (CRM) software targeting the automotive dealership industry. DriveCentric provides a core system of record and workflow for customer information, leads, interactions, and data; tools to communicate with customers remotely via video and text; and innovative automated solutions for lead generation and sales execution. DriveCentric was founded in 2010 and is based in St. Louis, Missouri.

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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 468 of 482
Sector (Software) 33 of 33
Type (Growth Capital) 154 of 158
State (Missouri) 1 of 1
Country (United States) 232 of 237
Year (2023) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 K2 Insurance

San Diego, California, United States

K2 Insurance is an insurance services holding company, which owns a diverse group of MGAs that underwrite and distribute specialty property and casualty insurance products. K2 Insurance was founded in 2011 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Scanntech

Montevideo, Uruguay

Scanntech is a LatAm data analytics solution for consumer-packaged goods (CPGs) and grocery retailers. Scanntech was founded in 1991 and is based in Montevideo, Uruguay.

Buy -