Investment Summary

Warburg Pincus and Welsh Carson Anderson & Stowe Invest In Service Repair Solutions

On January 1, 2003, private equity firms Warburg Pincus and Welsh Carson Anderson & Stowe invested in software company Service Repair Solutions

Investment Highlights
  • This is Warburg Pincus’ 3rd and Welsh Carson Anderson & Stowe’s 2nd transaction in the Software sector.
  • This is Warburg Pincus’ 32nd and Welsh Carson Anderson & Stowe’s 26th transaction in the United States.
  • This is Warburg Pincus’ 1st and Welsh Carson Anderson & Stowe’s 1st transaction in Nevada.
Investment Fate
  • Service Repair Solutions was sold to a publicly-traded strategic buyer in 2013.

Investment Summary

Date 2003-01-01
Target Service Repair Solutions
Sector Software
Investor(s) Warburg Pincus
Welsh Carson Anderson & Stowe
Deal Type Venture

Target

Service Repair Solutions

Las Vegas, Nevada, United States
Service Repair Solutions, Inc. is a provider of software and services to the automobile insurance claims processing and decision support industries.

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Investor(S) 2

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 51 of 492
Sector: Software M&A 3 of 35
Type: Venture M&A Deals 6 of 70
State: Nevada M&A 1 of 2
Country: United States M&A 32 of 241
Year: 2003 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Velocimed

Maple Grove, Minnesota, United States

Velocimed, Inc. is a private company focused on the development of three novel cardiovascular devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-23 Triangle Pharmaceuticals

Durham, North Carolina, United States

Triangle Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to developing effective solutions for serious viral disease, with a particular focus on therapies for the human immunodeficiency virus (HIV), including the acquired immunodeficiency syndrome (AIDS) and the hepatitis B virus (HBV).

Sell $464M
Investor

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 27 of 104
Sector: Software M&A 2 of 6
Type: Venture M&A Deals 1 of 3
State: Nevada M&A 1 of 1
Country: United States M&A 26 of 99
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-10 AmeriPath

Orlando, Florida, United States

AmeriPath, Inc. is a leading national provider of anatomic pathology, dermatopathology and molecular diagnostic services to physicians, hospitals, clinical laboratories and surgery centers across the U.S.

Buy $850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-10 Corporate Risk Holdings

Falls Church, Virginia, United States

Corporate Risk Holdings is an information and security services company, providing pre- and post-employment screening, national security training and other services to the public and private sectors. The company is a provider of background investigations to the U.S. federal government.

Buy -