Investment Summary

Warburg Pincus Invests In OfferUp

On September 8, 2016, private equity firm Warburg Pincus invested in internet software and services company OfferUp

Investment Highlights
  • This is Warburg Pincus’ 21st transaction in the Internet Software and Services sector.
  • This is Warburg Pincus’ 161st transaction in the United States.
  • This is Warburg Pincus’ 6th transaction in Washington.

Investment Summary
Date 2016-09-08
Target OfferUp
Sector Internet Software and Services
Investor(s) Warburg Pincus
Deal Type Venture

Target

OfferUp

Bellevue, Washington, United States
OfferUp is a mobile marketplace for local buyers and sellers in the country. The company offers free iOS and Android apps that make selling an item as easy as snapping a picture from your mobile device. OfferUp was founded in 2011 and is based in Bellevue, Washington.

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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 315 of 482
Sector (Internet Software and Services) 21 of 37
Type (Venture) 42 of 70
State (Washington) 6 of 6
Country (United States) 161 of 237
Year (2016) 24 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Clearwater Analytics

Boise, Idaho, United States

Clearwater Analytics provides web-based, investment portfolio reporting and analytics for institutional investors, investment managers, custody banks, and electronic trading portals. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!. Clearwater Analytics was founded in 2004 and is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Infoblox

Santa Clara, California, United States

Infoblox is a provider of critical network services that protect the Domain Name System (DNS) infrastructure, automate cloud deployments, and increase the reliability of enterprise and service provider networks around the world. Infoblox was founded in 1999 and is based in Santa Clara, California.

Buy $1.6B
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