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Warburg Pincus taps Evercore chairman for European leadership role

Buyout giant Warburg Pincus has appointed Andrew Sibbald,  the chairman of Evercore Partners’s London-based business, as a Managing Director and the private equity firm’s new Co-Head of Europe alongside Berlin-based René Obermann.

Buyout giant Warburg Pincus has appointed Andrew Sibbald,  the chairman of Evercore Partners’s London-based business, as a Managing Director and the private equity firm’s new Co-Head of Europe alongside Berlin-based René Obermann.

Sibbald succeeds Adarsh Sarma, who will remain a Managing Director and Partner with the firm, focusing on his existing portfolio. Jim Neary, Co-Head of US Private Equity, will work closely with Sibbald, Obermann and the European team to support the firm’s global strategy, portfolio management and new investments.
 
Warburg Pincus is one of the world’s biggest private equity investors, with a portfolio in the UK which includes stakes in the AA and fashion retailer Reiss. The firm manages assets of roughly $80bn (£62bn) and has just raised a $16bn (£12.5bn) global buyout fund.

The firm’s other investments include Inmarsat, the satellite operator, and Ola, the Indian ride-hailing app.

During a 35-year banking career, Sibbald has advised on several high-profile deals including fund manager M&G’s demerger from Prudential and the initial public offering of funds platform Hargreaves Lansdown.

He also advised the AA on its sale to Warburg Pincus and Towerbrook Capital Partners.

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