Warburg Pincus to purchase $175 million in Nuance common stock
Nuance Communications, Inc. today announced that Warburg Pincus, the global private equity firm, has agreed to purchase $175 million of Nuance common stock, the proceeds of which will be used in conjunction with general corporate purposes and potential merger and acquisition activity.
Warburg Pincus will buy 53.67% stake in Future Capital Holdings from Future Group in 2 tranches.