Warburg Pincus

Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78. Pincus died around midnight Saturday in his Manhattan home after a long illness, the spokesman said. Pincus founded Warburg Pincus in 1966. Since then the firm has invested more than $29 billion in more than 600 companies. It holds stakes in a variety of companies including Fidelity National Information Services Inc., which processes financial transactions; Nuance Communications Inc., which makes speech recognition software, educational company Bridgepoint Education Inc., and drug developer Inspire Pharmaceuticals Inc. ... Read Full Story

Affiliates of private equity firms JLL Partners and Warburg Pincus said Tuesday they have proposed to the board of building-products supplier Builders FirstSource Inc. a recapitalization of the company. JLL and Warburg Pincus are both significant stockholders and holders of floating-rate notes due 2012 issued by the company. The two firms have proposed a $75 million rights offering by Builders FirstSource to existing stockholders at a subscription price of $2 per share. They also want the roughly $98 million of notes owned by entities affiliated with JLL and Warburg Pincus to be exchanged for common stock of the company valued at $2 per share. ... Read Full Story

ROCHESTER, N.Y. -- Bausch & Lomb, the global eye health company, today announced it has acquired the commercial assets of Tubilux Pharma S.p.A. Tubilux is a privately held ophthalmic pharmaceuticals company that develops and markets a range of proprietary, over-the-counter, and branded generic products primarily in Italy, and with distribution in approximately 30 other countries. Under the terms of the agreement, Bausch & Lomb has acquired the company's ophthalmic pharmaceuticals portfolio, as well as its commercial and sales operations. Group Tubilux will retain its manufacturing operation, producing existing products for Bausch & Lomb under a multi-year contract. 'This agreement more than doubles our presence ... Read Full Story

Private equity firm Warburg Pincus has tripled the capital invested in a Munich-based payment services company called easycash following its sale to Ingenico as the buyout firm ramps up its activity in Germany. A major step in Ingenico’s strategic development Neuilly sur Seine – September 25 2009 Ingenico (Euronext Paris : ING) announces today the acquisition of 100% of easycash Beteiligungen GmbH, a leading German payment services provider for an enterprise value of €290 million. This transaction is a major step in Ingenico’s plan to position itself in the transaction services value chain in order to offer solutions around POS terminals and to leverage ... Read Full Story

Want to See a New You? This sweepstakes offers a $6,484.95 grand prize of one Visual Therapy Personal Consultation ($5,000 ARV); a one year supply of Bausch & Lomb PureVision or Soflens MultiFocal Contact Lenses ($360 ARV) including an eye exam; and $1000 in wardrobe additions. (10) First Prizes: a one-year supply of Bausch & Lomb PureVision or Soflens MultiFocal Contact Lenses and copy of book ‘Life in Color’ ($484.95 ARV each prize). ENTER to WIN - RULES PAGE The “See A New You Sweepstakes” is open to legal residents of the 50 United States plus the District of Columbia, age 18 or older ... Read Full Story