PRINT THIS PAGE Warburg Pincus buys US firm Polypore for $1.1bn in secondary deal04/02/2004. Source: AltAssets. 
 US buy-out firm Warburg Pincus has agreed to acquire Polypore from GTCR Golder Rauner and The InterTech Group for a reported $1.1bn. Warburg Pincus beat rivals including Permira, Ripplewood Holdings, CSFB Merchant Banking and Goldman Sachs Capital Partners to seal the deal.
Polypore is a manufacturer of filtration products for electronics, healthcare, speciality technologies, transportation and power storage. GTCR and InterTech made their initial investment in Polpore in 1994 with just $15m of equity.
This latest transaction comes just days after Warburg Pincus announced that it was to buy Irish packaging company Clondalkin Group for E630m.
The firm currently has approximately $9bn under management and $5bn available for investment in a range of industries including industry, business services, energy, financial services and technologies, healthcare and life sciences. The firm closed its latest fund, Warburg Pincus Private Equity VIII with $5.3bn in April 2002.
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