April 10 (Reuters) – U.S. private equity firm Warburg Pincus has launched an investment platform focused on Europe’s defence and security sector, with MEAG, the asset manager of reinsurer Munich Re, joining as an early investor. The initiative reflects what the firms described as sustained policy support and structural drivers of defence spending in Europe, […]
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Warburg Pincus, Munich Re arm team up to invest in Europe’s defence sector
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April 10 (Reuters) – U.S. private equity firm Warburg Pincus has launched an investment platform focused on Europe’s defence and security sector, with MEAG, the asset manager of reinsurer Munich Re, joining as an early investor.
The initiative reflects what the firms described as sustained policy support and structural drivers of defence spending in Europe, as governments move to strengthen military capabilities, resilience and strategic sovereignty.
* The platform will target private equity investments inEuropean defence, security and related strategic industries,Warburg Pincus said, as it draws on its experience in aerospaceand defence and advice from senior military and industryadvisers * According to a Bloomberg report, the defence fund isexpected to be worth up to 1.5 billion euros ($1.76 billion) * Warburg Pincus declined to comment on the amount * The investor has assembled a senior advisory group offormer NATO and German military leaders and defence executives,including ex‑RENK chief Susanne Wiegand and former TKMS headRolf Wirtz, it said
($1 = 0.8544 euros)
(Reporting by Maria Rugamer and Alexander Huebner, Editing by Linda Pasquini)