Warburg Pincus buys into patent search provider Minesoft alongside MLM 2 | AltAssets Private Equity News
Summary
Global private equity major Warburg Pincus has bought patent search provider Minesoft alongside information services and software platform MLM 2, which the firm helped launch two years ago. The company said the investment would help it accelerate the development of new products, expand and scale globally, including in the US, and enhance existing products with analytics, artificial intelligence, and machine learning. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter Minesoft is the first acquisition for MLM 2, which is backed by a $1bn equity commitment from Warburg Pincus. Warburg managing director Chandler Reedy said, “Our decades of IP market knowledge, combined with the operational and domain expertise at MLM 2, will help advance Minesoft’s market-leading position in patent search solutions. “Minesoft embodies the most attractive characteristics we see in leading technology businesses, including a mission-critical value proposition, vital workflow integration, and strong prospects for organic and inorganic growth.”
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