Warburg bought the company for $160m in 2009 from The Mantiwoc Company.
Warburg has already made its money back on the deal through a series of dividend payments that have generated about $200m for the firm, according to the Wall Street Journal.
Scotsman is the world’s largest commercial ice machine manufacturer, distributing products such as storage bins, blast chillers and refrigeration units in more than 100 countries.
Warburg Pincus is currently raising a $12bn fund, marking the world’s largest private equity vehicle currently in the market
The firm had gathered about $5bn by May amid a tough fundraising environment, offering investors a reduced 1.4 per cent management fee and 20 per cent carried interest.
Copyright © 2012 AltAssets