Walker Guidelines Information

Warburg Pincus is a global leader in the private equity industry and  is one of the leading private equity investors in Europe. Established  more than 55 years ago, the firm has invested more than $120 billion in more than 1,000 companies in more than 40 countries  around the world. The firm established Warburg Pincus  International LLC (“Warburg Pincus International”) and opened its  London office in 1987. The firm seeks to partner with  management teams that are building, transforming or acquiring  businesses with the potential to be market leaders with enduring  value. With an investment period of five to seven years, the firm  takes an unusually long-term perspective.

Warburg Pincus International operates from London and provides  investment advisory and transaction arrangement services to  Warburg Pincus LLC, the manager of the Warburg Pincus private  equity funds, with respect to United Kingdom and European  investments. Warburg Pincus International is authorised and  regulated by the Financial Conduct Authority in the U.K. Warburg  Pincus International does not enter into contracts or commitments  on behalf of Warburg Pincus LLC or the Warburg Pincus private  equity funds and does not make investment decisions on their  behalf.

Warburg Pincus International is committed to conform on a  “comply or explain” basis to the guidelines set out by Sir David  Walker in his Guidelines for Disclosure and Transparency in Private  Equity (November 2007) (the “Walker Guidelines”). Warburg Pincus  International will provide reasons for any areas or instances where  it does not comply with the Walker Guidelines.

Warburg Pincus International is also committed to promote  conformity with the Walker Guidelines by any Warburg Pincus  private equity investments that are subject to the disclosure  requirements for portfolio companies under the Walker  Guidelines. No Warburg Pincus investment is currently subject to  those requirements.

Andrew Sibbald is head of the London office. Jeffrey Perlman is Chief Executive Officer of the firm. Warburg Pincus has  arrangements in place internally and with its limited partner  investors to address potential conflicts of interest that may arise.

The following charts provide a categorization, by geography and  type, of limited partners in the Warburg Pincus private equity  funds that have a designated capability to invest in companies that  would be U.K. portfolio companies under the Walker Guidelines:

Warburg Pincus International reports to Warburg Pincus LLC but  does not report directly to limited partners. Warburg Pincus LLC  and the general partner of each of the Warburg Pincus private  equity funds report to the limited partners on investments made  by such funds in accordance with U.S. generally accepted  accounting principles and as set forth in the relevant fund  agreement.

For further information on Warburg Pincus and its U.K. and  European activities, including a description of portfolio companies  in this region, Sectors and Select Investments.