Warburg Pincus in Majority Investment in Park Place

Cleary Gottlieb is representing Warburg Pincus LLC (Warburg Pincus) and its portfolio company Service Express Inc. (Service Express) in Warburg Pincus’ majority investment in Park Place Technologies (Park Place).

Warburg Pincus, together with a significant minority investment by Temasek, has signed a definitive agreement to make a majority investment in Park Place, a global provider of data center services. After the transaction closes, Park Place and Service Express will merge to create a global data center services company with over 3,000 employees and over 25,000 customers across North America, Europe, Asia, and South America. Charlesbank Capital Partners and GTCR, which have jointly supported Park Place’s growth since 2019, will exit their investment as part of this transaction.

The timing of the transaction closing is subject to customary regulatory approvals.

Service Express is a data center solutions provider specializing in multivendor maintenance, managed infrastructure and hardware services. For more than 30 years, Service Express has worked alongside organizations worldwide to deliver results by maximizing infrastructure investments, refining IT strategies, and adapting to evolving demands. Service Express continues to be recognized for its commitment to providing long-term, people-powered solutions that build lasting relationships and exceed expectations.

Park Place is an IT infrastructure services firm that helps organizations reduce the time and cost of managing IT environments, while improving performance and uptime. Powered by a global team of engineers and support professionals, Park Place brings deep expertise and dedication to every customer engagement. By simplifying IT infrastructure management, Park Place frees internal teams to focus on strategic priorities and delivers measurable value that enables customers to innovate with confidence.

For more information, please see the press release.