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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act of 1934
(Amendment No. 8)
NATIONAL PENN BANCSHARES, INC.
(Name of Issuer)
Common Stock (without par value)
(Title of Class of Securities)
63713810
(CUSIP Number)
ROBERT B. KNAUSS, ESQ.
MANAGING DIRECTOR AND GENERAL COUNSEL
WARBURG PINCUS LLC
450 LEXINGTON AVENUE
NEW YORK, NY 10017
(212) 878-0600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices of Communication)
Copy to:
MATTHEW M. GUEST, ESQ.
WACHTELL, LIPTON, ROSEN & KATZ
51 WEST 52ND STREET
NEW YORK, NY 10019
(212) 403-1000
March 20, 2015
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Check the Appropriate Box if a Member of a Group | |||
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Shared Dispositive Power | ||||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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Source of Funds | |||
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Sole Voting Power | |||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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SEC Use Only | |||
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Source of Funds | |||
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Citizenship or Place of Organization | |||
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Sole Voting Power | |||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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1 |
Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
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Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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SEC Use Only | |||
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Source of Funds | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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Citizenship or Place of Organization | |||
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person | |||
The information set forth in Items 4, 5 and 6 is incorporated herein by reference.
This Amendment No. 8 (this Amendment No. 8) amends and supplements the Schedule 13D (the Initial Statement) filed with the U.S. Securities and Exchange Commission (the SEC) on October 15, 2010, as amended by Amendment No. 1, filed with the SEC on January 11, 2011, Amendment No. 2, filed with the SEC on September 19, 2011, Amendment No. 3, filed with the SEC on January 28, 2014, Amendment No. 4, filed with the SEC on January 30, 2014, Amendment No. 5, filed with the SEC on February 5, 2015, Amendment No. 6, filed with the SEC on February 9, 2015, and Amendment No. 7 (Amendment No. 7), filed with the SEC on March 18, 2015 (as amended, the Statement) and is being filed on behalf of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (together, with Warburg Pincus X Partners, L.P., an affiliated Delaware limited partnership, WP X); Warburg Pincus X, L.P., a Delaware limited partnership (WP X LP) and the general partner of WP X; Warburg Pincus X GP L.P., a Delaware limited partnership (WP X GP) and the general partner of WP X LP, WPP GP LLC, a Delaware limited liability company (WPP GP) and the general partner of WP X GP, Warburg Pincus Partners, L.P., a Delaware limited partnership (WP Partners) and the managing member of WPP GP, Warburg Pincus Partners GP LLC, a Delaware limited liability company (WPP GP LLC) and the general partner of WP Partners, Warburg Pincus & Co., a New York general partnership (WP) and the managing member of WPP GP LLC, Warburg Pincus LLC, a New York limited liability company (WP LLC) that manages WP X, and Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Managing Member and Co-Chief Executive Officer of WP LLC, who may be deemed to control WP X, WP X LP, WP X GP, WPP GP, WP Partners, WPP GP LLC, WP and WP LLC (each of the foregoing, a Warburg Pincus Reporting Person and collectively, the Warburg Pincus Reporting Persons). Information in respect of each Warburg Pincus Reporting Person is given solely by such Warburg Pincus Reporting Person and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by any other Warburg Pincus Reporting Person.
All capitalized terms used herein which are not defined herein have the meanings previously given to such terms in the Statement.
Item 4. Purpose of Transaction
Item 4 is hereby amended by adding the following before the last paragraph of Item 4:
The transactions contemplated by the Underwriting Agreement, which is incorporated herein by reference, were consummated on March 20, 2015.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended by replacing it in its entirety with the following:
(a) As of March 20, 2015, the Warburg Pincus Reporting Persons may no longer be deemed to beneficially own any shares of Common Stock of National Penn.
(b) See Item 5(a) above.
(c) Other than as described in this Amendment No. 8, the Warburg Pincus Reporting Persons have not effected any transactions in the Common Stock of National Penn since the filing of Amendment No. 7. The additional language added to Item 4 by this Amendment No. 8 is incorporated herein by reference.
(d) Not applicable.
(e) On March 20, 2015, the Warburg Pincus Reporting Persons ceased to be beneficial owners of more than 5% of the issued and outstanding Common Stock of National Penn. The reporting obligations of the Warburg Pincus Reporting Persons with respect to the Common Stock of National Penn pursuant to Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder are therefore terminated.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby amended to include the following:
The responses set forth in Item 4 of this Statement are hereby incorporated by reference in their entirety.
Item 7. Material to be filed as Exhibits
Item 7 is hereby amended to include the following:
Exhibit 99.3 |
Underwriting Agreement, dated March 16, 2015, by and among National Penn Bancshares, Inc., Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P. and J.P. Morgan Securities LLC (incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K filed by National Penn Bancshares, Inc. with the SEC on March 20, 2015). |
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: March 20, 2015
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WARBURG PINCUS PRIVATE EQUITY X, L.P. | ||
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By: Warburg Pincus X, L.P., its general partner | ||
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By: Warburg Pincus X GP L.P., its general partner | ||
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By: WPP GP LLC, its general partner | ||
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By: Warburg Pincus Partners, L.P., its managing member | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X PARTNERS, L.P. | ||
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By: Warburg Pincus X, L.P., its general partner | ||
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By: Warburg Pincus X GP L.P., its general partner | ||
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By: WPP GP LLC, its general partner | ||
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By: Warburg Pincus Partners, L.P., its managing member | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X, L.P. | ||
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By: Warburg Pincus X GP L.P., its general partner | ||
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By: WPP GP LLC, its general partner | ||
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By: Warburg Pincus Partners, L.P., its managing member | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS X GP L.P. | ||
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By: WPP GP LLC, its general partner | ||
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By: Warburg Pincus Partners, L.P., its managing member | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WPP GP LLC | ||
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By: Warburg Pincus Partners, L.P., its managing member | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS PARTNERS, L.P. | ||
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By: Warburg Pincus Partners GP LLC, its general partner | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS PARTNERS GP LLC | ||
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By: Warburg Pincus & Co., its managing member | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS & CO. | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Partner |
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WARBURG PINCUS LLC | ||
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By: |
/s/ Robert B. Knauss | |
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Name: |
Robert B. Knauss |
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Title: |
Managing Director |
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CHARLES R. KAYE | |
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By: |
/s/ Robert B. Knauss |
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Robert B. Knauss, Attorney-in-Fact* |
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JOSEPH P. LANDY | |
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By: |
/s/ Robert B. Knauss |
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Robert B. Knauss, Attorney-in-Fact* |
* Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the SEC on November 26, 2013, as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum Holdings, Inc. (now known as Laredo Petroleum, Inc.) and is incorporated herein by reference.