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Warburg Pincus to sell Scotsman Industries for $575 million: WSJ
November 6, 2012 / 4:32 AM / 5 years ago

Warburg Pincus to sell Scotsman Industries for $575 million: WSJ

(Reuters) - Private equity firm Warburg Pincus WP.UL has agreed to sell Scotsman Industries Inc to Italian food service equipment firm Ali Group for about $575 million, the Wall Street Journal reported, citing people familiar with the deal.

Warburg, which bought the ice machine maker in 2009 for $160 million, made back its investment in Scotsman before the sale, collecting about $200 million in dividend payments, the Journal said. (link.reuters.com/cew73t)

Officials at Warburg Pincus were unavailable for comment outside regular business hours.

Reporting By Vrinda Manocha in Bangalore; Editing by Matt Driskill

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