BEA and Warburg Pincus

Had a great time at the Deal Street Asia Event ::

I think my panel went pretty well and hopefully I can join the crew in some way again next year.

To my left, your right, is Jeffrey Perlman who is the MD for SEA Region of Warburg Pincus.

In talking to Jeffrey I was reminded of my BEA years and working with Bill Janeway. I told Jeffrey about my BEA experience and he immediately commented that this is still one of the single best returns that Warburg ever had:

In 1992, the firm funded the launch of OpenVision Technologies, which subsequently merged with VERITAS Software in 1996. In 1999, Warburg Pincus also was the founder and sole investor in BEA Systems. Warburg Pincus eventually distributed its positions in both companies to its limited partners, realizing total returns of $750 million in VERITAS shares and $6.5 billion in BEA shares on investments in each of approximately $50 million.

6.5 billion on 50 million. Insane. 

Has to be one of the best deals not only for Warburg but for the industry.

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