New York City-based global private equity firm Warburg Pincus LLC announced that it had entered into a definitive agreement to acquire an 80% equity stake in Mumbai, India-based Avanse Financial Services Limited for $45 million, from the Wadhavan Global Capital group. Avanse is an education focused Non-Bank Finance Company . Since...
Warburg Pincus to Invest in India's Tata Technologies
New York-based private equity firm Warburg Pincus will invest $360 million in Tata Technologies for a 43 percent stake, of which 30 percent will be acquired from Tata Motors, the parent company, and 13 percent from Tata Capital. Tata Technologies provides outsourced design, research and development services to the automotive, aerospace,...
Warburg Pincus Invests in India's Movie Theaters
New York City-based private equity firm Warburg Pincus, LLC., has acquired a 14% stake in PVR Limited, India’s largest cinema chain headquartered in Gurgaon, for about $120 million. The stake was bought from PVR's existing investors, private equity firm Multiples Alternate Asset Management and PVR's founders, including chairman and managing...