Growth investor Warburg Pincus is seeking up to $2bn for Duravant in a single-asset secondary transaction that will give the firm more time and money to manage the company, according to people familiar with the offering.
The deal is expected to close in early February, the people said.
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Warburg Pincus LLC is a leading global growth investor. The firm has more than $64 billion in private equity assets under management. The firm’s active portfolio of more than 205 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $94 billion in over 940 portfolio companies in more than 40 countries.
Source: Wall Street Journal
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