SC 13D/A 1 xueda_13da.htm XUEDA EDUCATION GROUP xueda_13da.htm


 
 
 
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13D
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
(Amendment No. 1)
 
Xueda Education Group
(Name of Issuer)
 
Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
 
98418W992
(CUSIP Number)
 
Scott A. Arenare, Esq.
Managing Director and General Counsel
Warburg Pincus LLC
450 Lexington Avenue
New York, New York 10017
(212) 878−0600
 
 (Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
 
 
Copy to:
 
Maurice Hoo, Esq.
Orrick, Herrington & Sutcliffe
43/F, Gloucester Tower, The Landmark
15 Queen’s Road Central, Hong Kong
+852-2218-9100
 
 
June 17, 2011
(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).

 

 
 
 
 

 
 
CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
WP X Investments IV Ltd.
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
WC
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
Cayman Islands
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With   13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
    13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
CO

* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 
 

 
 
Page 2 of 15

 
 
CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus Private Equity X, L.P.
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
Delaware
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With   12,959,406* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
    12,959,406* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
12,959,406* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.3%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
PN
 
* Such amount includes 969,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 
 

 
 
Page 3 of 15

 
 
CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus X Partners, L.P.
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
Delaware
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
414,594* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
414,594* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
414,594* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
Less than 1%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
PN
 
* Such amount includes 31,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.

 
 
 
 
 
Page 4 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus X, L.P.
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
Delaware
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
PN
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.

 
Page 5 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus X LLC
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
Delaware
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
OO
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 

 
 
 
Page 6 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus Partners, LLC
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
New York
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
OO
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 
 
 
 
 
Page 7 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus & Co.
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
New York
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
PN
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 

 
 
 
 
Page 8 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Warburg Pincus LLC
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
New York
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
OO
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 
 

 
 
Page 9 of 15

 
 
CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Charles R. Kaye
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
United States of America
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
IN
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 
 

 
 
 
Page 10 of 15

 

CUSIP No.   98418W992
 
 
1.
Names of Reporting Persons.
     
   
Joseph P. Landy
     
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
     
    (a)   o
     
    (b)   ý
     
 
3.
SEC Use Only
     
 
4.
Source of Funds (See Instructions)
     
   
N/A
     
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   o
     
 
6.
Citizenship or Place of Organization
     
   
United States of America
     
 
7.
Sole Voting Power
     
   
0
     
Number of Shares Beneficially 8. Shared Voting Power
Owned by Each Reporting    
Person With  
13,374,000* (See Items 3 and 5)
     
  9. Sole Dispositive Power
     
    0
     
  10. Shared Dispositive Power
     
   
13,374,000* (See Items 3 and 5)
     
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
     
   
13,374,000* (See Items 3 and 5)
     
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)o
     
 
13.
Percent of Class Represented by Amount in Row (11)
     
   
9.6%
     
 
14.
Type of Reporting Person (See Instructions)
     
   
IN
 
* Such amount includes 1,000,000 American Depositary Shares (“ADS”) of Xueda Education Group (the “Company”).  Each ADS represents two Ordinary Shares of the Company.
 

 
 
 
 
Page 11 of 15

 
 
Pursuant to Rule 13d-2 promulgated under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Schedule 13D/A (this “Amendment No. 1”) amends the Schedule 13D filed on November 12, 2010 (the “Original Schedule 13D” and, together with this Amendment No. 1, the “Schedule 13D”).  This Schedule 13D is being filed by (i) WP X Investments IV Ltd., a Cayman Islands company ("WP X LTD") and a wholly owned subsidiary of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership ("WP X"), and Warburg Pincus X Partners, L.P., a Delaware limited partnership ("WPP X" and together with WP X, the "Funds"), (ii) WP X, (iii) WPP X, (iv) Warburg Pincus X, L.P., a Delaware limited partnership and the sole general partner of each of the Funds ("WP X LP"), (v) Warburg Pincus X LLC, a New York limited liability company and the sole general partner of WP X LP ("WP X LLC"), (vi) Warburg Pincus Partners, LLC, a New York limited liability company and the sole member of WP X LLC ("WPP LLC"), (vii) Warburg Pincus LLC, a New York limited liability company that manages each of the Funds ("WP LLC"), (viii) Warburg Pincus & Co., a New York general partnership and the managing  member of WPP LLC, ("WP") and Messrs. (ix) Charles R. Kaye and (x) Joseph P. Landy, each a Managing General Partner of WP and Co-President and Managing Member of WP LLC, each of whom may be deemed to control the Funds, WP X LP, WP X LLC, WPP LLC, WP LLC and WP (Mr. Kaye, Mr. Landy, WP X LTD, WP X, WPP X, WP X LP, WP X LLC, WPP LLC, WP LLC and WP collectively being referred to as the "Reporting Persons").  This Amendment No. 1 relates to the ordinary shares, par value $0.0001 per share (the “Ordinary Shares”) of Xueda Education Group, an exempted company incorporated in the Cayman Islands (the “Company”).  American Depositary Shares (each an "ADS") of the Company are listed on the New York Stock Exchange under the symbol "XUE".   Each ADS represents two (2) Ordinary Shares.  The principal executive offices of the Company are located at A-4 Xibahe Beili, Chaoyang District, Beijing F4 100028, People's Republic of China.
 
Except as otherwise indicated, capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Original Schedule 13D.
 
Item 3.   Source and Amount of Funds or Other Consideration
 
Item 3 of the Schedule 13D is hereby amended to include the following:
 
On June 17, 2011, WP X LTD, Kaiyuan Technology Limited, a British Virgin Islands company (“Kaiyuan”) and Mr. Qiang DENG, entered into a Share Purchase Agreement (the “Kaiyuan Agreement”) pursuant to which WP X LTD agreed to purchase from Kaiyuan 1,250,000 Ordinary Shares at a purchase price of $4.00 per Ordinary Share in a private placement.  Kaiyuan is 100% beneficially owned by Mr. Qiang DENG, a Vice President of the Company.  Such transaction is expected to close promptly following approval by the Board of Directors of the Company to update the register of members of the Company to reflect such purchase.
 
A copy of the Kaiyuan Agreement is attached hereto as Exhibit F. The description of the abovementioned documents contained herein is qualified in its entirety by reference to Exhibit F, which is incorporated herein by reference.
 
Upon the closing of the transaction contemplated by the Kaiyuan Agreement (the “Kaiyuan Closing”), WP X LTD shall hold an aggregate of 13,374,000 Ordinary Shares of the Company (including 2,000,000 Ordinary Shares represented by ADS’s), representing 9.6% of the Company’s total outstanding Ordinary Shares as of May 20, 2011.  All of the funds required to acquire the Ordinary Shares were obtained from the working capital of each of the Funds, which in turn was obtained from capital contributions from the respective limited partners of the Funds. The total amount of funds to be paid by WP X LTD to purchase the securities of the Company to be purchased pursuant to the Kaiyuan Agreement shall be $5,000,000.
 
Item 4.   Purpose of Transaction
 
Item 4 of the Schedule 13D is hereby amended to include the following:
 
Kaiyuan Agreement
 
The description of the Kaiyuan Agreement set forth in Item 3 herein is hereby incorporated by reference in this Item 4.
 
Item 5.   Interest in Securities of the Issuer
 
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
 
(a)           The percentages used herein are calculated based upon the 139,918,640 Ordinary Shares that were outstanding as of May 20, 2011, as reported in the Company’s Form 20-F filed with the United States Securities and Exchange Commission on May 23, 2011.
 
Upon the consummation of the Kaiyuan Closing, WP X LTD shall be the direct owner of 13,374,000 Ordinary Shares, representing approximately 9.6% of the outstanding Ordinary Shares.  WP X shall be the indirect owner of 12,959,406 Ordinary Shares, representing approximately 9.3% of the outstanding Ordinary Shares. WPP X shall be the indirect owner of 414,594 Ordinary Shares, representing approximately 0.3% of the outstanding Ordinary Shares.  Accordingly, following the consummation of the
 
 

 
 
 
Page 12 of 15

 

Kaiyuan Closing, the Funds may be deemed to beneficially own an aggregate of 13,374,000 Ordinary Shares, representing approximately 9.6% of the outstanding Ordinary Shares.
 
Due to their respective relationships, each of the Reporting Persons may be deemed to beneficially own, in the aggregate, 13,374,000 Ordinary Shares.  Each of the Funds, WP, WPP LLC, WP LLC, WP X LLC, WP X LP, Mr. Kaye and Mr. Landy disclaim beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of all of the Ordinary Shares to which such Reporting Persons do not have a pecuniary interest. 
 
(b)          Upon the consummation of the Kaiyuan Closing, each of  WP X LP, WP X LLC, WPP LLC, WP LLC, WP, Mr. Kaye and Mr. Landy shall be deemed to share with WP X LTD and the Funds the power to vote or to direct the vote and to dispose or to direct the disposition of 13,374,000 Ordinary Shares.  Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Persons or any of their affiliates constitute a “person” or “group” within the meaning of Section 13(d)(3) of the Exchange Act. 
 
(c)           Except for the transactions described in Items 3 and 4 above, during the last sixty (60) days there were no other transactions in the Ordinary Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of their general partners, members or managing directors as set forth on Schedule I to the Original Schedule 13D.
 
(d)           Except as set forth in this Item 5, no person other than each respective record owner referred to herein of the Ordinary Shares is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.
 
(e)           Not applicable.
 
Item 6.   Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Item 6 of the Schedule 13D is hereby amended to include the following:
 
The Kaiyuan Agreement is described in Item 3 and Item 4 above, such summary being incorporated in this Item 6 by reference.  The summary of the Kaiyuan Agreement in this Schedule 13D is qualified in its entirety, a copy of which is attached hereto as Exhibit F.
 
Item 7.   Material to be filed as Exhibits
 
Item 7 of the Schedule 13D is hereby amended to include the following:
 
Exhibit F – Kaiyuan Agreement, dated June 17, 2011, between Kaiyuan Technology Limited, Mr. Qiang DENG and WP X Investments IV Ltd.
 

 
 
 
Page 13 of 15

 

SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D is true, complete and correct.
 
Dated:  June 21, 2011
WP X INVESTMENTS IV LTD.
 
 
 
 
 
 
 
 
 
By:
   /s/ Tara O'Neill  
 
 
Name: Tara O’Neill
 
 
 
Title: Director
 
 
 
 
 
 
 
 
 
Dated:  June 21, 2011
WARBURG PINCUS PRIVATE EQUITY X, L.P.
 
 
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
 
 
 
 
 
 
 
 
Dated:  June 21, 2011
WARBURG PINCUS X PARTNERS, L.P.
 
 
 
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
 
 
 
 
Dated:  June 21, 2011
WARBURG PINCUS X, L.P.
 
 
 
 
 
By: Warburg Pincus X LLC, its general partner
 
By: Warburg Pincus Partners, LLC, its sole member
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
 
 
 
 
 
 
Page 14 of 15

 
 
Dated:  June 21, 2011
WARBURG PINCUS X LLC
   
 
By: Warburg Pincus Partners, LLC, its sole member
  By: Warburg Pincus & Co., its managing member
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
 
 
 
 
 
 
 
 
Dated:  June 21, 2011
WARBURG PINCUS PARTNERS, LLC
 
 
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
 
 
 
 
 
 
 
 
Dated:  June 21, 2011
WARBURG PINCUS & CO.
 
 
 
 
 
 
 
 
 
By:
    /s/ Scott A. Arenare  
 
 
Name: Scott A. Arenare
 
 
 
Title: Partner
 
       
       
Dated:  June 21, 2011 WARBURG PINCUS LLC  
       
       
  By:     /s/ Scott A. Arenare  
    Name: Scott A. Arenare  
    Title: Managing Director  
       
       
Dated:  June 21, 2011 CHARLES R. KAYE  
       
       
  By:     /s/ Scott A. Arenare  
    Scott A. Arenare, Attorney-in-fact*  
       
       
Dated: June 21, 2011
JOSEPH P. LANDY
 
       
       
  By:     /s/ Scott A. Arenare  
    Scott A. Arenare, Attorney-in-fact**  
 
________________
 
*
Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.

**
Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
 
 

 Page 15 of 15