Warburg Pincus seeks $16bn for private equity fund

Warburg Pincus seeks $16bn for private equity fund

Warburg Pincus is seeking to raise $16bn from investors for its latest flagship global private equity fund, its biggest ever, according to people familiar with the matter. The New York-based firm is in the early stages of raising Warburg Pincus Global Growth 14, and...
Martin Sorrell’s S4 Capital acquires tech services group Zemoga

Martin Sorrell’s S4 Capital acquires tech services group Zemoga

Martin Sorrell’s S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multinational clients. Sorrell, the founder of WPP, has turned S4 into a $6 billion...
Sweden’s EQT walks away from $2bn bid for Australia’s Iress

Sweden’s EQT walks away from $2bn bid for Australia’s Iress

Swedish private-equity firm EQT has ended talks to buy Australia’s Iress for $2.3bn, sending shares in the financial software company spiralling lower on Friday. Despite raising its bid three times to gain exclusive due diligence access, EQT said it had decided not to...
Fast recovery after pandemic boosts private equity performance

Fast recovery after pandemic boosts private equity performance

A strong exit market since the height of the pandemic last year has translated into high returns for alternatives funds, according to Preqin’s annual sector report published in partnership with Amundi. For private equity and venture capital funds that started...