Warburg Pincus hires Rene Obermann

Harriet Bailey
26 August 2014

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In the wake of closing its Frankfurt office, Warburg Pincus is understood to have hired Rene Obermann, CEO of Dutch cable company Ziggo, as a partner in its London office to oversee the sourcing of German deals.

The former CEO of Deutsche Telekom has been hired to help find private equity deals in the telecoms sector and in Germany, according to reports. Obermann worked at the company from 1998 and was appointed CEO in 2006; he is expected to remain at the helm until the sale of Ziggo to US cable TV provider Liberty Global completes.

Liberty's acquisition of Ziggo is under review by antitrust regulators. They will make a final decision by 3 November.

Warburg Pincus closed its German office last month, preferring to conduct its DACH investment operations from its "centre of expertise" in London, where its five sector specialist teams are based. The closure also saw the head of the Frankfurt office, Lars Singbartl, leave to pursue other opportunities, according to the GP. Two German advisers remain based in the country.