Warburg Pincus to sell Scotsman Industries for $575 mln-WSJ

Mon Nov 5, 2012 11:24pm EST

Nov 5 (Reuters) - Private equity firm Warburg Pincus has agreed to sell Scotsman Industries Inc to Italian food service equipment firm Ali Group for about $575 million, the Wall Street Journal reported, citing people familiar with the deal.

Warburg, which bought the ice machine maker in 2009 for $160 million, made back its investment in Scotsman before the sale, collecting about $200 million in dividend payments, the Journal said. ()

Officials at Warburg Pincus were unavailable for comment outside regular business hours.

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