June 2, 1987 |
The long struggle over who owns ComputerLand, the biggest independent retailer of computers, appeared near an end Monday when the company announced the sale of most of the holdings of controversial founder William H. Millard to an investment group. The price and other terms weren't disclosed. But ComputerLand officials in Oakland said E. M. Warburg, Pincus & Co., a privately held investment firm based in New York, was acquiring "the substantial amount," understood to be 80%.
December 22, 1995 |
Westinghouse Electric Corp. took a step Thursday toward paring down the debt it incurred in buying CBS Inc. by agreeing to sell the Knoll Group, an office furniture maker, for $565 million in cash. Knoll is being sold to Warburg, Pincus Ventures--an affiliate of E.M. Warburg, Pincus & Co., a New York-based financial services organization. "Knoll was a bad fit and a wrong fit from the time they bought it," said Greg Drahuschak, a Pittsburgh-based analyst with Janney, Montgomery, Scott Inc.
July 3, 1990 |
Publisher Ralph Ingersoll II agreed Monday to sell his stake in three debt-laden North American newspaper chains and acquire full ownership of a smaller European publishing company after one of his U.S. properties failed to make an interest payment on its junk bonds. Ingersoll, who built one of the nation's largest newspaper chains with money raised by junk bond wizard Michael Milken, will sell his share in the U.S. companies to partner E. M. Warburg, Pincus & Co., a New York investment firm.
February 17, 1998 |
Want to live on a former dump site for oil-drilling sludge or contaminants from weapons or aerospace manufacturing? Former HomeFed Bank executive Larry B. Faigin is betting buyers will emerge for homes on such properties after his new company cleans up and develops the sites. Faigin is the president of Fountain Valley-based GreenPark Group LLC, whose formation was announced last week.
February 11, 1998 |
A Wall Street private investment fund said Tuesday that it has formed a company to clean up contaminated properties and develop housing on them. Warburg, Pincus Ventures LP said its new GreenPark Group LLC has purchased ESE Land Corp., which has five such environmental projects underway in California and Nevada. GreenPark will be based in the Fountain Valley offices of ESE Land.
July 6, 1986
The management of M. J. Brock & Sons Inc., Los Angeles-based general contracting, residential development and mortgage banking firm, has purchased the company from CIGNA Corp. for an estimated $80 million. Richard C. Chenoweth, chairman, and Jack R. Harter, president of the Brock firm, said E.M. Warburg, Pincus & Co. Inc., New York, is an equity partner. Financing was provided by a bank consortium led by Security Pacific National Bank.