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Funds affiliated with Warburg Pincus to acquire Ascentium Capital


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Funds affiliated with Warburg Pincus to acquire Ascentium Capital

Funds affiliated with Warburg Pincus LLC have agreed to acquire AscentiumCapital, a private-independent equipment finance company.

Tom Depping, CEO of Ascentium, has agreed to roll over his entireequity ownership stake in the business and continue to head Ascentium.

Ascentium Capital was advised by Goldman Sachs as financialadviser and Vinson & Elkins LLP as legal counsel. Warburg Pincus wasadvised by Keefe Bruyette & Woods Inc. as financial adviser and ClearyGottlieb Steen & Hamilton LLP as legal counsel.