Warburg Closes Germany Office, Singbartl Said to Leave

Warburg Pincus LLC, one of the world’s largest private-equity firms, said it will close its office in Germany to cover the region from London.

Lars Singbartl, managing director and head of the Frankfurt office, will leave the company, according to two people with knowledge of the matter, who asked not to be identified as they weren’t authorized to speak publicly.

“The best way to serve Germany and indeed western and emerging Europe is from an investment team hub in London, where we have dedicated specialists across our five major investment domains,” a London-based spokeswoman for Warburg Pincus said in an e-mailed statement today.

She declined to comment on Singbartl’s departure, and he didn’t respond to an e-mail seeking comment. Singbartl, who joined Warburg in 2006, managed investments in electronic payments-services business Easycash Group GmbH and computing firm Kontron AG (KBC), according to the firm’s website.

The move marks the second time that New York-based Warburg has closed its operations in Germany. The firm shut its Munich branch in 2004 after four years to run operations from London. The Frankfurt office was opened in 2005, the spokeswoman said.

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editors responsible for this story: Edward Evans at eevans3@bloomberg.net Steve Bailey, Simone Meier

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