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Broadband

Warburg Pincus buys stake in United Internet division

Wednesday 9 November 2016 | 10:29 CET | News
An affiliate of private equity fund Warburg Pincus LLC has acquired a 33.33 percent stake in United Internet division Business Applications. Warburg Pincus affiliate WP XII Venture Holdings S.a.r.l. will make the investment via a holding company that is yet to founded. A consideration of EUR 450 million has been agreed in exchange for the 33.33 percent stake in the Business Applications division.

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Categories: Internet
Companies: 1&1 / Fasthosts / Sedo / United Internet
Countries: Europe / Germany
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