Warburg Pincus to invest $225m in OceanFirst.

Warburg Pincus, a private equity firm, agreed to invest $225m in OceanFirst, a bank holding company. “This combination marries OceanFirst’s scalable platform and robust product suite with Flushing’s distribution network and deep customer relationships. We have known both franchises for a long time – they share an underlying culture and philosophy and are complementary in ways that unlock strategic value for the combined entity. This is a natural combination that can produce strong returns for shareholders,” Todd Schell, Warburg Pincus Managing Director.