M&A Deal Summary

Warburg Pincus Acquires Infinite Electronics

On March 2, 2021, private equity firm Warburg Pincus acquired electrical equipment company Infinite Electronics from Genstar Capital

Acquisition Highlights
  • This is Warburg Pincus’ 4th transaction in the Electrical Equipment sector.
  • This is Warburg Pincus’ 213th transaction in the United States.
  • This is Warburg Pincus’ 45th transaction in California.

M&A Deal Summary
Date 2021-03-02
Target Infinite Electronics
Sector Electrical Equipment
Buyer(s) Warburg Pincus
Sellers(s) Genstar Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc.
Jefferies (Financial)
Weil Gotshal & Manges (Legal)

Target

Infinite Electronics

Irvine, California, United States
Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California.

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Buyer(S) 1

Buyer

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 439 of 480
Sector (Electrical Equipment) 4 of 4
Type (Secondary Buyout) 56 of 63
State (California) 45 of 46
Country (United States) 213 of 236
Year (2021) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Airtel Digital TV

New Delhi, India

Bharti Telemedia is a content distribution platform in India providing DTH (direct-to-home) satellite TV to consumers across India. The company offers customized bouquets and à la carte options from TV channels across movies, news, sports, and general entertainment, as well as an on-demand library. Bharti Telemedia is based in New Delhi, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Gangavaram Port

Hyderabad, India

Gangavaram Port is the developer of a greenfield port project, which owns the concession to build and operate a port in Gangavaram, Andhra Pradesh, located on the eastern coast of India.

Sell -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 51 of 60
Sector (Electrical Equipment) 4 of 4
Type (Secondary Buyout) 18 of 23
State (California) 10 of 11
Country (United States) 46 of 54
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 JSSI

Chicago, Illinois, United States

JSSI is an independent provider of maintenance programs to the aviation industry, covering virtually all makes and models of aircraft, engines, and APUs. The company provides its customers with comprehensive, flexible, and affordable financial programs and tools for managing the often unpredictable costs of operating and maintaining business and commercial jets, turboprops, and helicopters. JSSI was founded in 1989 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Worldwide Facilities

Los Angeles, California, United States

Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California.

Sell -
Mergr

Product

Company

Legal