Global private equity and venture capital news and research

Warburg Pincus looks to sell iParadigms for $750m

11 Mar 2014

education_lrgPrivate equity firm Warburg Pincus is reportedly looking to exit education software maker iParadigms.

Warburg has hired Evercore Partners to manage the sale, said Reuters, citing people familiar with the matter.

IParadigms has an EBITDA of around $50m and will likely be sold for 15 times that, or $750m, said some of the sources.

Warburg bought a controlling stake in iParadigms, whose software helps prevent plagiarism, verify content, and evaluate written work, in 2008.

Earlier this year the New York-headquartered private equity firm sold its investment in specialty pharmaceutical company JHP Group to Par Pharmaceutical Companies for a return of three times.

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