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Warburg Pincus LLC

Company Summary

Description

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $55 billion in over 750 companies in more than 35 countries.

Website

http://www.warburgpincus.com/

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Recent news

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  • 7/6/2022 - Ring Energy Acquiring... (subscriber access)
  • 4/12/2022 - Warburg Pincus Places... (subscriber access)
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Investor Presentations

Company Transactions

Date: 8/30/2022
Type: Acquisition

BUYERS:
  • Ring Energy, Inc.
    • SELLERS:
  • Stronghold Energy II Holdings, LLC
  • Warburg Pincus LLC
    • DETAILS:

    COST: 465 $MM

    VOLUMES: 9.1 MBOE/d

    ACRES: 37000 Acres

    NOTES:
    Ring Energy has agreed to acquire the assets of Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP from Warburg Pincus. The position includes 37,000 net acres in the Permian Basin’s Central Basin Platform with current net production of 9.1 Mboe/d (54% oil, 75% liquids.) The acreage also holds 500 new vertical drilling and recompletion locations.
    REGIONS:
  • Central Basin Platform
  • Permian Basin