Warburg Pincus Could Net $720M As It Exits FIS

Law360, New York (March 8, 2013, 4:19 PM EST) -- Private equity firm Warburg Pincus LLC, once the largest shareholder of banking software provider Fidelity National Information Services Inc., will sell off its remaining 6.6 percent stake in the company in a secondary offering that could be worth as much as $720 million, FIS said late Wednesday.

New York-headquartered Warburg will unload 19.3 million shares in the deal to fully divest itself of ownership in Florida payment processor FIS six years after it first bought into the company. The private equity house ratcheted its stake as...
To view the full article, register now.