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WARBURG, PINCUS PARTNERSHIP TO DISTRIBUTE BABBAGE'S STOCK TO ITS PARTNERS

 WARBURG, PINCUS PARTNERSHIP TO DISTRIBUTE
 BABBAGE'S STOCK TO ITS PARTNERS
 NEW YORK, Feb. 12 /PRNewswire/ -- Warburg, Pincus Capital Partners, L.P., a venture banking partnership managed by E.M. Warburg, Pincus & Co., Inc. announced today that it intends to distribute to its partners the 1,417,800 shares of Common Stock of Babbage's, Inc. (NASDAQ:BBGS) that it owns. This distribution, which is subject to market conditions, is expected to take place within the next sixty days. Babbage's operates a chain of retail stores that specializes in the sale of video games and software for the home computer and video game markets.
 Warburg, Pincus Capital Partners, L.P. made its initial investment in Babbage's in November 1984. Since that time, Babbage's has grown from a chain of 7 stores in Dallas-Fort Worth, Texas to a nationwide retailer with 205 stores. The shares being distributed have a current market value of approximately $41 million and an original cost to the partnership of $4.5 million.
 Ernest H. Pomerantz, a Managing Director of Warburg, Pincus and a Director of Babbage's, noted that the distribution is being made in accordance with Warburg, Pincus' long-standing practice of distributing successful investments to its partners. Mr. Pomerantz stated that the Warburg, Pincus investment in Babbage's has matured to the point that it is appropriate for the partnership's investors to make their own investment decisions with respect to their shares. Mr. Pomerantz also stated that he has great confidence in Babbage's management and believes that Babbage's future is promising.
 -0- 02/13/92
 /CONTACT: Stephen Distler of E.M. Warburg, Pincus, 212-878-9304/
 (BBGS) CO: Warburg, Pincus Capital Partners, L.P.; Babbage;'s, Inc. ST: Texas IN: REA SU:


JP -- NY100 -- 9914 02/13/92 16:15 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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