Page 2 - Warburg Pincus

Warburg Pincus acquires 90% stake in Vistaar Finance for $250 million

Private equity major Warburg Pincus on Monday announced that it has acquired a 90 per cent stake in non-bank lender Vistaar Finance for USD 250 million. The stake in the 13-year-old company has been acquired through a combination of primary and secondary investments, the PE major said in an official statement. The acquisition has been done in partnership with banker Avijit Saha, who joins the company as the chief executive, it said. This is one of the biggest financial sector bets taken by Warburg in the country, adding that Vistaar presently operates in 12 Indian states and has a customer base of 40,000 and over 2,500 employees. The stake has been acquired by Warburg from existing investors and the founders. The company had over Rs 3,150 crore of assets under management as of end-March, and its networth has increased to Rs 1,210 crore after the transactions with the overall capital buffers at 37 per cent, it said. Warburg Pincus' managing director Narendra Ostawal said Vistaar h

Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance

NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches

Sebi puts Warburg Pincus-backed Biba Fashion's IPO in 'abeyance'

As part of the OFS, promoter Meena Bindra and private equity investors Warburg Pincus-backed Highdell Investment and Faering Capital India Evolving Fund are proposing to offload shares

IndiaFirst Life Insurance selects bankers for IPO expected later this year

IndiaFirst will be the fourth private sector life insurer to get listed on the bourses

Warburg to buy minority stake in medical devices major Meril for $210 mn

Leading global growth investor Warburg Pincus has agreed to pick up a minority stake for USD 210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group, which is the largest medical devices firm in the country. Warburg said the transaction, awaiting CCI approval, will be carried out through its affiliate South Elm Investments. Founded by the Bilakhia family, Meril is a fast-growing medical devices firm that designs, manufactures and distributes clinically relevant and state-of-the-art medical devices. With R&D facilities, manufacturing capability, distribution reach, Meril has market leading position across several categories. Narendra Ostawal of Warburg Pincus India said he is excited by Meril's compelling growth story and believes it stands to benefit from the secular tailwinds of healthcare in the country. Sanjeev Bhatt of Meril said this investment establishes high degree of credibility to the domestic medical devices in the global landscape

Healthy debut for MedPlus Health Services as it ends session at 41% premium

Premji Invest's PI Opportunities Fund and Natco Pharma were among the selling shareholders

Advent International picks up majority stake in Encora for $1.5 billion

Warburg Pincus, the present majority shareholder, would be minor partner

Advent takes majority stake in digital engineering services company Encora

Warburg Pincus, the present majority shareholder of Encora, would retain a minority stake

CCI nod for Ola investments by Temasek, Warburg Pincus, founder Bhavish

Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited offers taxi and auto rickshaw aggregation services under the brand name 'Ola'. The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. MacRitchie is an investment holding company and is a subsidiary of Temasek Holdings (Private) Limited. Singapore-based Temasek is an investment company. Fort Canning is also an investment holding company. Plum Wood is also an investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC. The latter, headquartered in New York, acts as a manager to certain priv

Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO

This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola

Warburg Pincus ends JV with Lemon Tree Hotels for student housing

"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources

Warburg Pincus-Goldman joint venture to ramp up student housing business

The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University

Eye on e-commerce, ESR plans one 'plug & play' warehouse every quarter

'Plug-and-play' buildings or 'speculative buildings', as ESR calls them, are ready buildings that have facilities like power, water and so on

Stake sale at premium valuations a positive for Adani Ports

In addition to volume gains, lower pledges and acquisitions such as Concor would be new triggers

Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore

Acquisition expands APSEZ's market share to 30 percent across 12 locations in India. The acquisition is subject to regulatory approvals

IDFC First Bank's promoter, Warburg may not participate in fundraising

Board clears Rs 3K-cr capital raise plan

Bharti Airtel buys Warburg Pincus' 20% stake in DTH arm for Rs 3,126 crore

Airtel, which is locked in a fierce competition with Reliance Jio in the telecom space, aims to align the ownership of its consumer-facing businesses, with the Warburg Pincus transaction

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Logistics firm Rivigo's loss widens 6% to Rs 542 cr, revenue up 5%

The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore

Warburg ups stake in IPO-bound mortgage lender Home First Finance to 30.62%

Private equity major Warburg Pincus on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent