Warburg Pincus is selling its 65% stake in post-secondary education services provider Bridgepoint Education, The Wall Street Journal reports. The private equity firm will sell shares at a maximum per share price of $28.075, with a total of up to $971.1 million.
Bridgepoint will not get any proceeds from the sale. Warburg Pincus was an initial investor in Bridgepoint, assisting to launch the company in January 2004.
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