Investment Summary

Warburg Pincus Invests In MBIA

On December 10, 2007, private equity firm Warburg Pincus invested in insurance company MBIA

Investment Highlights
  • This is Warburg Pincus’ 6th transaction in the Insurance sector.
  • This is Warburg Pincus’ 74th transaction in the United States.
  • This is Warburg Pincus’ 7th transaction in New York.
Investment Fate
  • MBIA was sold to a financial buyer in 2015.

Investment Summary

Date 2007-12-10
Target MBIA
Sector Insurance
Investor(s) Warburg Pincus
Deal Type PIPE

Target

MBIA

Purchase, New York, United States
MBIA is a holding company that conducts business through two subsidiaries: MBIA Insurance Corporation and MBIA Asset Management. Its Insurance Corporation is a monoline financial guaranty insurance company that generates revenue by insuring the timely payment of principal and interest on financial instruments in return for a guaranty fee. Its Asset Management is a fixed income-focused asset management organization. MBIA was founded in 1973 and is based in Purchase, New York.

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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 126 of 492
Sector: Insurance M&A 6 of 19
Type: PIPE M&A Deals 13 of 23
State: New York M&A 7 of 21
Country: United States M&A 74 of 241
Year: 2007 M&A 19 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 Centrum BV

Prague, Czech Republic

Centrum is the second largest internet portal in the Czech Republic and a leading portal in Slovakia. The company has a leadership position in select internet verticals and is one of the leading news portals in the Czech Republic. Centrum generates revenue by selling ad banners, search keywords and listings, as well as other products such as classifieds and video ads.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 PowerWind

Hamburg, Germany

PowerWind GmbH is a wind turbine generator manufacturer.

Buy -