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Europe News: Christian S., a former right-hand man of Warburg's director, was found guilty of five counts of "aggravated tax fraud," the court in Bonn told reporte ....
Warburg Realty, long known as the City s blue-chip brokerage since opening its doors in 1896, recently welcomed back Stephen Klym as senior vice-president for strategic initiatives and Tribeca sales director. ....
3 Min Read (Reuters) - Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a 62% increase in the valuation of Edelman Financial Engines since 2018, when buyout firm Hellman & Friedman created it through the merger of two companies. It underscores the growth of the registered investment adviser (RIA) industry as more Americans seek professional help to invest their savings. Hellman & Friedman will retain a majority stake in Edelman Financial Engines, the companies said. They did not disclose the exact stake that Warburg Pincus was acquiring, but the private equity firm’s head of financial services, Michael Martin, said in an interview it represented a “mid-to-high teens” percentage equity ownership. ....
Message : Required fields MUMBAI (Reuters) - Warburg Pincus-backed Kalyan Jewellers said it aimed to raise 11.75 billion rupees ($161 million) to use as working capital through an initial public offering (IPO) next week. Kalyan, leader of a domestic market that also includes Titan, Tribhovandas Bhimji Zaveri Ltd. and regional players, opened its first showroom in the southern state of Kerala in 1993 and now has 107 showrooms in India and 30 stores in the Middle East. The IPO comprises a fresh issue of equity shares of up to 8 billion rupees and an offer for sale of shares worth 3.75 billion by promoters and existing shareholders, the company said in a statement. ....
By Reuters Staff 1 Min Read FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 16, 2014. Picture taken June 16, 2014. REUTERS/Jason Lee (Reuters) - A group of investors led by Warburg Pincus will invest about $700 million in Chinese e-commerce firm JD.com Inc’s infrastructure asset management arm, the U.S.-based private equity firm said on Thursday. Warburg Pincus and Hillhouse Capital, along with other investors, will invest in JD Property as part of a non-redeemable series A preferred share financing, the company added. Reporting by Sameer Manekar in Bengaluru; Editing by Vinay Dwivedi ....