Deals
Warburg Said to Weigh Buyout of German IT Firm Nagarro
- The PE firm is working with advisers on potential take-private
- The German IT firm was spun off from Allgeier in late 2020
Nagarro provides digital engineering services for industries including automotive, banking and financial services, energy and utilities, gaming and entertainment.
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Warburg Pincus is weighing a possible buyout of German IT services company Nagarro SE, people familiar with the matter said, potentially adding to the strong momentum of dealmaking in the country.
The US-based firm is working with advisers on a proposal to take Nagarro private, according to the people, asking not to be identified discussing confidential information. Deliberations are ongoing and Warburg could decide against making an offer, the people said. Other buyout firms have also previously looked at Nagarro, they said.