As part of the transaction, Warburg Pincus will sell its majority shareholding in Reorg to Permira, and the Reorg team will retain a significant ownership interest. Financial terms of the transaction were not disclosed.
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Permira announces strategic investment in Reorg
”Through the hard work and innovation of Reorg’s global team, we’ve grown from distressed debt and bankruptcy expertise into covering all aspects of the global credit markets, while maintaining our standards of best-in-class coverage.” said Kent Collier, Reorg’s founder and Chief Executive Officer. “I couldn’t be more appreciative of the Reorg team and the support of Warburg Pincus the last four years. We are relentless in solving our customers’ most pressing problems and, with the investment from Permira, will push forward in finding ever smarter solutions in the years ahead.”
