Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
Warburg Pincus JV to invest $400 million into affordable hotels
New York City-based private equity firm Warburg Pincus LLC., is setting up a joint venture with New Delhi-headquartered Lemon Tree Hotels Limited that plans to invest over $400 million to develop full-service accommodation for students and young working professionals. Warburg Pincus will hold a 68% stake in the joint venture while...
Warburg and Blackstone Bullish on Real Estate in India
New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...