WARBURG PINCUS INVESTMENT
Lemon Tree Hotels shares soar 13%. What’s keeping traders active?
Lemon Tree Hotels' shares surged over 13% following the announcement of its expansion into Gujarat with a new hotel signing. This move, part of a broader asset-light growth strategy, reinforces the company's focus on tourism and pilgrimage markets. The company is also undergoing a strategic restructuring with Warburg Pincus to unlock shareholder value.
IndiaFirst deal with BNP Cardif hits a UBI pact hurdle
IndiaFirst Life's proposed stake sale to BNP Paribas Cardif is delayed. Union Bank of India has exited its corporate agency tie-up with IndiaFirst Life. This development impacts the deal closure and growth visibility. Bancassurance is a key business driver for IndiaFirst Life. Discussions are continuing regarding the renewal of the agreement.
RBI approves $1 billion overseas direct investment by Coforge for Encora acquisition
Coforge received RBI approval for an overseas investment exceeding $1 billion to complete its $2.35 billion acquisition of US AI firm Encora. The combined business is expected to generate $2 billion revenue by 2027, be EPS accretive, and operate at a 14% margin.
US-based Warburg Pincus in talks to buy Maneesh Pharma unit in Rs 1,800 crore deal
US private equity firm Warburg Pincus is nearing a deal to buy Maneesh Pharmaceuticals' non-tuberculosis drug business. The acquisition is valued between ₹1,600 to ₹1,800 crore. This move is part of Warburg's strategy to build a larger pharmaceutical platform in India. A formal announcement is anticipated in the coming months.
Encube Ethicals stake sale on hold, IPO likely by 2027
Global private equity firms including Warburg Pincus, EQT, and Partners Group had shown interest in acquiring the business at $1.5-1.6 billion (₹13,980-14,912 crore) valuation. However, this fell short of the $2 billion valuation sought by the promoters and existing investor Quadria Capital, said the people cited above.
PE firms up SaaS buyouts as AI resets valuations & biz models
Over the past year, multiple mid-to-late stage SaaS companies have seen majority stake purchases by private equity or have consolidated internally in what is a shift from the typical venture-led growth rounds from a few years ago.
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Warburg Pincus talks in final lap to buy Integrace Health for Rs 1,200 crore
Integrace is currently owned by homegrown PE fund True North and Singapore sovereign investor Temasek Holdings. True North Fund VI LLP holds a 55.83% stake in Integrace, while Temasek arm V-Science Investments Pte owns 43.91%.
Warburg-Mubadala team up, emerge as frontrunner for Encube
The consortium is competing against EQT. Mumbai-based pharma co likely to be valued at $1.8 bn. Binding bids are scheduled for next week.
India offers unprecedented breadth of investment opportunity: Warburg Pincus
Warburg Pincus: Warburg Pincus sees India's rapidly growing economy offering unparalleled investment opportunities, even with high valuations. The firm, a pioneer in India's PE landscape, has deployed over $10 billion in the country. Senior leadership highlights the evolution of business families willing to cede control, enabling majority stake acquisitions.
Lemon Tree Hotels shares rally 4% as Warburg Pincus checks in; Nuvama sees 19% upside
Lemon Tree Hotels' shares rose following a strategic reorganisation and a Rs 960 crore investment from Warburg Pincus. The company will split into an asset-light management entity and an asset-heavy development arm, with Fleur Hotels to be separately listed. Nuvama maintains a 'Buy' rating, seeing potential upside from the asset-light model's re-rating.
Lemon Tree Hotels to go asset-light as Warburg Pincus invests up to Rs 960 crore; Fleur to be listed separately
Lemon Tree Hotels and Fleur Hotels are undergoing a significant restructuring, with Warburg Pincus investing up to Rs 960 crore in Fleur. This move will create two distinct platforms: Lemon Tree as an asset-light management company and Fleur as a growth-oriented hotel ownership entity. The reorganization aims to simplify the group structure and unlock long-term shareholder value.
Permira, Warburg near $8.2 billion deal for Clearwater Analytics, sources say
Permira and Warburg Pincus have agreed to take Clearwater private for $24.55 a share, reclaiming ownership of the asset they used to jointly own nearly five years ago before taking the company public through an IPO, the sources said.
Warburg Pincus in talks to sell stake in SBI General Insurance: Report
SBI GENERAL INSURANCE-STAKE/WARBURG PINCUS (UPDATE 1)UPDATE 1-Warburg Pincus in talks to sell stake in India's SBI General Insurance, Bloomberg News reports
Warburg Pincus acquires Chennai's Appasamy Associates
PSN Appasamy's Appasamy Associates, a key player in Indian ophthalmic market, focuses on affordable equipment and cataract surgeries. Warburg Pincus's investment reinforces growth potential in the sector.
Warburg Pincus reshuffles Asia leadership team to tap grow
Private equity firm Warburg Pincus announced the appointment of Vishal Mahadevia, its India head, as the head of Asia private equity, a newly created position. The move is part of an Asia-wide reshuffle at the U.S. investment firm. Mahadevia, with 17 years of experience at the firm, will also continue as co-head of financial services.
Warburg Pincus buys into Brookfield's global BPO firm Everise
Headquartered in the US, with over 19,000 employees in eight markets, Everise provides customer service solutions to some of the world’s leading healthcare companies. As part of the transaction, Everstone Group, the Singapore-headquartered private equity firm will exit its investment in Everise, said the release.
Warburg Pincus sells 6.2% stake in Kalyan Jewellers for Rs 724 cr; Franklin Templeton, Nomura emerge buyers
The move sees it lower its holdings in the firm from 23.82% in March to 17.60% now. Domestic investors BNP Paribas Arbitrage and Franklin Templeton MF have ended up with a 1.63% and 0.84% stake respectively, while foreign investor Nomura has bought an 0.83% stake.
Warburg arm sells 2.26% in Kalyan Jewellers
The shares were sold by Highdell Investments, an entity controlled by Warburg Pincus, through a block deal on the NSE at ₹110.04 apiece, data on the exchange showed, fetching the PE fund ₹256.67 crore. The names of the buyers were not disclosed.
It won’t be uncommon for us to invest a billion dollars in India soon: Warburg Pincus CEO
Warburg Pincus has invested USD 5 billion in India since 1995. Its bets include HDFC, Kotak Mahindra Bank and Bharti Airtel, where it made handsome returns, setting a milestone for risk capital investing.
Kalyan Jewellers files DRHP for Rs 1,750 crore IPO
The IPO comprises Rs 1,000 crore of fresh issue and Rs 750 crore offer for sale by promoter T S Kalyanaraman and Highdell Investment, a Warburg Pincus firm, according to DRHP.
Warburg Pincus to invest $150 mn in Apollo Tyres
The Board of Directors of Apollo Tyres today approved an issuance of compulsorily convertible preference shares in the company worth Rs 10,800 million (approximately US$150 million) to an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing. The investment represents a primary capital infusion into the company and is subject to shareholder and regulatory approvals.
Warburg Pincus invests Rs 520 crore in Fusion Microfinance
PE major Warburg Pincus is in talks to acquire a significant minority stake in a Fusion Microfinance in a deal estimated at $80-100 million, ET reported on August 2.
Warburg to invest additional Rs 500 crore in Kalyan Jewellers
The deal is expected to be signed this week and a formal announcement is due shortly, multiple people with direct knowledge of the process told ET.
Warburg Pincus sells 27% stake in Metropolis Healthcare
Warburg Pincus has sold its 27 per cent stake in Metropolis Healthcare Ltd to the latter's promoter, the Shah family, for an undisclosed amount.
Warburg Invests Rs 1,200 cr in Kalyan Jewellers
In largest private equity investment in the sector, global fund has acquired a minority stake in the 21-year-old jewellery retail chain.
Warburg Pincus LLC set to invest $200 million in Kalyan Jewellers
US private equity firm Warburg Pincus LLC has agreed to buy a significant minority stake in Kalyan Jewellers for about $200 million.
Warburg Pincus and Faering Capital invest Rs 300 crore in Biba Apparels
Warburg Pincus and Faering Capital have invested about Rs 300 crore in Biba Apparels, a firm engaged in women and girls' ethnic wear.
Warburg Pincus sells 24.5 pc stake in Moser Baer
Moser Baer said Global Town Investment Ltd has picked up 24.5 per cent stake in the company from PE fund Warburg Pincus in an off-market transfer deal.
Heard on the street: Warburg Pincus may offload 3.38% in Kotak Mahindra
The market is abuzz with speculation that private equity giant Warburg Pincus is likely to sell about 2.5 crore shares of Kotak Mahindra Bank.
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