Q&A: In Search of Returns, Warburg Pincus Buys Dubai Tech Firm Stake - Middle East Real Time - WSJ:
"Warburg Pincus manages more than $37 billion in assets – with investments across some 35 countries. On Tuesday the U.S. private equity firm announced its first deal in the Middle East region, acquiring a majority stake in a Dubai-based provider of technology solutions to the global aviation industry. Joseph Schull, managing director at Warburg Pincus, tells The Wall Street Journal here about the firm’s search for investment opportunities: “Our investors mandate us to direct their capital to where it will generate the most attractive returns,” he says.
WSJ: Tell us something about your new deal?
Mr. Schull: “Mercator is a global business with 125 airline customers in 80 countries. Warburg Pincus is looking to grow the business further both organically and, where appropriate, via acquisition. We see the company growing into a much larger business, serving not only the global aviation industry as it does today, but extending its solutions into the wider transport, travel and logistics markets.”"
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