Investment Summary

Warburg Pincus Invests In Facet

On September 10, 2018, private equity firm Warburg Pincus invested in financial services company Facet

Investment Highlights
  • This is Warburg Pincus’ 36th transaction in the Financial Services sector.
  • This is Warburg Pincus’ 188th transaction in the United States.
  • This is Warburg Pincus’ 5th transaction in Maryland.

Investment Summary
Date 2018-09-10
Target Facet
Sector Financial Services
Investor(s) Warburg Pincus
Deal Type Venture

Target

Facet

Baltimore, Maryland, United States
Facet is a next-generation financial services company providing comprehensive, transparent service at an affordable price to the mass affluent households that need it most. Facet is a SEC Registered Investment Advisor (RIA) that offers human-first, technology-enabled financial planning services through a dedicated team led by a CFP® Professional. Facet was founded in 2016 and is based in Baltimore, Maryland.

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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 383 of 482
Sector (Financial Services) 36 of 47
Type (Venture) 58 of 70
State (Maryland) 5 of 5
Country (United States) 188 of 237
Year (2018) 32 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Baosteel Metals

Shanghai, China

Baosteel Gases is one of the wholly-owned subsidiaries of Baosteel Metal, which has 15 subsidiaries across China. With core businesses covering from industrial gases to new energy products, the company has the capacity of comprehensive technology and development, marketing and logistics, M&A and full construction of air separation units and operation ability, with the biggest air separation units in South China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 NIO

Shanghai, China

NIO is a designer and manufacturer and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. NIO was formed in 2014 and is based in Shanghai, China.

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