Warburg Pincus and GS Capital Partners to Acquire Endurance International Group
Summary
Private equity investors Warburg Pincus and GS Capital Partners will acquire a majority stake in Burlington, MA-based Endurance International Group, a hosting service for online businesses.Credit Suisse, which acted as the financial advisor to Warburg Pincus, also provided debt financing for the transaction.The seller, Accel-KKR, will retain a position in the company along with the current management team.Founded in 1997 by CEO Hari Ravichandran, Endurance provides hosting and related online services for small- and medium-sized businesses.The company intends to use the proceeds from the investment to continue to innovate and grow in order to meet customers’ continuously expanding needs.
Funding
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