Warburg Pincus Sells Stake to French Billionaire de Lacharriere

  • Ladreit de Lacharriere will become a senior strategic partner
  • Proceeds will be used to invest in future Warburg funds

Warburg Pincus, one of the world’s largest private-equity firms, agreed to sell a 5 percent stake to the family office of French billionaire Marc Ladreit de Lacharriere, who will also become a senior strategic partner at the firm.

Groupe Marc de Lacharrière SA is paying an undisclosed sum for the stake in Warburg, and will invest in the firm’s future funds, the company said in an e-mailed statement.

“We are very pleased to have the opportunity to invest in Warburg Pincus,” Ladreit de Lacharrière said in the statement. “Warburg Pincus perfectly matches our objectives with respect to investing model, culture, and persistence of performance.”

Warburg Pincus plans to use some of the proceeds of the sale to invest in its funds. The firm is in the process of closing its 12th main fund having gathered $12 billion from investors.

GML’s investments include 86 percent of listed French holding company Fimalac, of which Ladreit de Lacharrière is chief executive offer. Fimalac owns 20 percent of Fitch Group Inc., the parent company of Fitch Ratings, as well as interests in luxury hotels, real estate and venue management businesses.

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