Covington Advises Warburg Pincus On iNRCORE Recapitalization

WASHINGTON- Covington is advising Warburg Pincus on its recapitalization of iNRCORE, LLC, in conjunction with private equity firm TJC.

iNRCORE is a premier supplier of high-reliability products including magnetics and other passive electronic components that transmit high-speed, mission critical data and power under extreme conditions for demanding industrial technology markets including: commercial aviation, government, space, smart-grid, medical, semiconductor and other high-reliability industrial applications.

Warburg Pincus is a leading global growth investor with more than $83 billion in assets under management. The firm's active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus has been an active investor in the aerospace & defense and industrial technology sectors.

Scott Freling led the Covington team advising Warburg Pincus on government contracts and other regulatory matters. Other team members included Carl Wiersum, Darby Rourick, and Homer La Rue (government contracts); Shara Aranoff, Alex Chinoy, Justin Schenck, and John Catalfamo (trade controls); Mona Patel and Nafissa Pio (anti-corruption).