Warburg Pincus sells majority stake in Reorg to Permira

Aug 2, 2022 | News

Warburg Pincus has agreed to sell its majority shareholding in Reorg, a global provider of data, analytics and intelligence for the the credit markets, to private equity firm Permira. As part of the transaction, the Reorg team will retain a significant ownership interest.

Financial terms of the deal have not been disclosed.

Founded in 2013, Reorg combines powerful technology along with financial and legal analysis and reporting to provide a granular and holistic view of hard-to-find credit information.

The Company’s analytics, sourced from a variety of public and proprietary data sources, and breaking news updates on sub-investment grade credit are a mission-critical solution that drives significant efficiencies for customers and democratises data access to complex and opaque information.

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Reorg has experienced rapid growth over the last decade and today serves more than 25,000 professionals across the world’s leading financial institutions, law firms and professional services businesses.

The deal, which is subject to customary regulatory approvals, is expected to close in the third quarter of 2022.

Evercore served as financial advisor to Reorg and Kirkland & Ellis LLP is acting as legal counsel. UBS Investment Bank and Morgan Stanley & Co. LLC served as financial advisors to Permira and Weil, Gotshal & Manges LLP is acting as legal counsel.

Source: Private Equity Wire

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