Which PE firms have fingers in the biggest tech pies?
With more than $37bn in investments spread across 120 countries, Warburg Pincus has a wide range of interests in the technology sector. In 2000 it provided telecoms company Avaya with $400m investment as it broke away from parent company Lucent, and has also invested in companies including NeuStar, Telcordia, and VERITAS Software.
London-based Permira has long been a key investor in the technology sector, alongside its interests in the consumer and financial services sectors. Notable deals include a €12,604m investment in semiconductor manufacturer Freescale and €1,237m in support to software company Genesys.
Another investor in Freescale semiconductors (which it bought into in December 2006), the Carlyle Group is widely regarded as one of the most powerful investment organisations in the world. It currently manages over 250 funds across the world over four main sectors, but in the technology sector its interests include LCD glass manufacturer AvanStrate, infrastructure supplier CommScope and broadband company Sagemcom.
Providence Equity Partners
A significant player in the US telecoms and entertainment markets, Providence currently manages a total of $39bn in assets. Past investments include American Cellular (which it co-founded), TDC Telecom, and VoiceStream Wireless, which combined with over interests cover much of the Americas.