Warburg partners with tech veterans to launch MLM II

Submitted 16/09/2020 - 4:01pm

Information services and software industry veterans Mason Slaine, Jay Nadler, and Karl Jaeger have launched of MLM II, an information services and software platform, in partnership with Warburg Pincus, a global private equity firm focused on growth investing.

MLM II will focus on partnering with information, software, and technology-enabled services companies with a long-term view to value creation. As part of the launch, management and funds affiliated with Warburg Pincus have committed to fund up to USD1 billion of equity to pursue investments.

Mason Slaine, Jay Nadler, and Karl Jaeger have collectively over 90 years of experience leading companies in information services, software, and tech-enabled services across a variety of industries including education, energy, intellectual property, fintech, and life sciences. They played key roles in Warburg Pincus' investments in Information Holdings, Interactive Data Corporation, IPAN GMBH, iParadigms (now Turnitin), MLM Information Services, Reorg Research, RS Energy Group, and Wall Street Systems. They have also served and continue to serve as board members and co-investors in many of Warburg Pincus' current and former portfolio companies.  

Mason Slaine, Co-Founder and Executive Chairman, says: "MLM II is designed to capitalise on current market dynamics and acquire attractive businesses. With backing from Warburg Pincus, we are well-positioned to invest in and develop sizeable businesses where the latest technology and a sharp focus on customer needs can unlock further value."

Jay Nadler, Co-Founder and CEO, says: "We are thrilled at the prospect of building MLM II and continuing the success story we've had previously with Warburg Pincus. This investment will allow us to create a strong platform with businesses that provide unique customer solutions. We are excited to partner with Warburg Pincus given their successful track record of backing management teams in building and growing great businesses."

Karl Jaeger, Co-Founder and CFO, says: "Warburg Pincus is a world-class private equity firm with significant experience helping companies grow into successful businesses of scale. As we acquire, optimise, and scale businesses, we will leverage Warburg Pincus' strong global investing experience as well as our own personal experiences that have proven to be successful in our prior ventures."

"We are incredibly excited and proud to reunite the 'Dream Team'. Mason, Jay, and Karl have long, consistent, excellent, and virtually unparalleled track records of leading and growing global businesses in the information services and software industries," says Chandler Joel Reedy, Managing Director responsible for late stage technology investing at Warburg Pincus. "We have known the team for over 20 years and are honoured that they chose to partner with us again to build another successful scale platform."

Tags Deals & Transactions Technology & software solutions