(Note: This is a new blank-check company sponsored by an affiliate of Warburg Pincus, one of the world’s oldest private equity firms. This blank check, or special purpose acquisition company, aka SPAC, is incorporated in the Cayman Islands. The company has not yet identified a target sector.)

We intend to identify a target with strong fundamental growth that could benefit from Warburg Pincus’ longstanding experience, global presence, domain expertise, operational support and extensive networks and that presents potential for an attractive risk-adjusted return profile. Following a business combination, we intend to work with the target’s management team to help drive growth and long term, sustainable value creation at the company.

(Note: Warburg Pincus Capital Corp. I-B priced its SPAC IPO on March 4, 2021, in line with the terms in its prospectus: 50 million units at $10 each to raise $500 million.)