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Warburg Pincus to trim stake in Kalyan Jewellers for $155 mn

VCCircle

VCCircle · 1y ago

Warburg Pincus to trim stake in Kalyan Jewellers for $155 mn

Private equity firm Warburg Pincus is planning to sell a 2.36% stake in Indian jeweller Kalyan Jewellers for $155 million. The sale will be made to another major shareholder at a 2% discount to Wednesday's closing price. Warburg Pincus held a 9.2% stake in Kalyan Jewellers as of June, and currently holds a 24.6% stake following the company's listing in March. Kalyan Jewellers' shares have risen by almost 54% this year.

Related News

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report - BusinessToday

Business Today

Business Today · 2m ago

Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report - BusinessToday

Sunil Mittal and Warburg Pincus are in talks to acquire a 49% stake in Haier India, valued at $2 billion. This reflects growing interest in India's home appliance market, driven by rising incomes and urbanization. The deal includes a 49% stake for Mittal-Warburg Pincus and a 49% retention by Haier's parent company, with 2% for employees, ensuring joint control in strategic decisions. An official announcement is expected soon.

Warburg Pincus backs Appasamy Associates in its largest India healthcare bet

VCCircle

VCCircle · 1y ago

Warburg Pincus backs Appasamy Associates in its largest India healthcare bet

Private equity firm Warburg Pincus has acquired a stake in Appasamy Associates, the largest ophthalmic equipment and intraocular lenses manufacturer in India. Appasamy will be led by CEO Senthil Kumar, with support from the promoter family and the partnership with Warburg Pincus. The financial terms of the transaction were not disclosed, but it is the largest investment in the healthcare sector by Warburg Pincus in India. The firm has previously invested in other healthcare companies in the country, including Meril Group, MedPlus, Laurus Labs, and Metropolis Healthcare.

Warburg Pincus acquires stake in Chennai medical equipment maker Appasamy Associates

Thehindubusinessline

Thehindubusinessline · 1y ago

Warburg Pincus acquires stake in Chennai medical equipment maker Appasamy Associates

Private equity firm Warburg Pincus has acquired a stake in Chennai-based ophthalmic equipment and device manufacturer, Appasamy Associates. This marks Warburg Pincus' biggest investment in the Indian healthcare sector. The financial terms of the deal remain undisclosed. Appasamy, founded in 1978, offers a range of ophthalmic devices, including diagnostic and surgical equipment, and intraocular lenses. The company will continue to be led by CEO Senthil Kumar, with the support of the promoter family and in partnership with Warburg Pincus. The Indian healthcare sector, particularly ophthalmology, is experiencing strong growth and presents significant opportunities.

Warburg Pincus wraps up $270 mn India exit but falls short of benchmark

VCCircle

VCCircle · 11m ago

Warburg Pincus wraps up $270 mn India exit but falls short of benchmark

Private equity firm Warburg Pincus has completed its exit from India, which falls short of the benchmark set in the market. The firm has been taking advantage of high market valuations and has recently signed off from a pharmacy retail chain it backed a decade ago. Warburg Pincus has been on an exit spree in India for the past two years.

Warburg Pincus picks up controlling stake in Chennai's Appasamy for $300 mn

Livemint

Livemint · 1y ago

Warburg Pincus picks up controlling stake in Chennai's Appasamy for $300 mn

Private equity firm Warburg Pincus has acquired a majority stake of around 65% in ophthalmic equipment manufacturer Appasamy Associates for approximately $300m, according to people familiar with the matter. The deal represents Warburg's largest investment in India's healthcare sector. Appasamy is India's largest manufacturer of ophthalmic equipment and intraocular lenses and is involved in the entire ophthalmic device value chain. Warburg, which has invested $1.2bn to $1.3bn in India in the past 18 months, is increasingly focused on the country's healthcare market.

Warburg Pincus, Creation may top-up bets on loss-making Indian firm

VCCircle

VCCircle · 8m ago

Warburg Pincus, Creation may top-up bets on loss-making Indian firm

US private equity firm Warburg Pincus and impact investor Creation Investments may increase their investments in an Indian company that recently reported significant losses. Warburg Pincus and Creation currently own a combined 52.61% stake in the Mumbai-listed non-banking finance company. The move demonstrates their confidence in the firm's long-term potential and their willingness to support its recovery.

Warburg set for over $1.1 bn India exit as conviction finally pays off

VCCircle

VCCircle · 1y ago

Warburg set for over $1.1 bn India exit as conviction finally pays off

Private equity firm Warburg Pincus is set to exit India in a deal worth over $1.1 billion, marking a successful end to its investment in the country. The firm has recently made several deals in India and has finally reaped the rewards of its consumer-facing portfolio. Warburg Pincus has sold its stake in a number of Indian companies, demonstrating its strong conviction in the market.

Warburg Pincus exits MedPlus Health Services; sells 11.35% stake for Rs 836 Cr

YourStory

YourStory · 1y ago

Warburg Pincus exits MedPlus Health Services; sells 11.35% stake for Rs 836 Cr

Warburg Pincus has sold its entire 11.35% stake in MedPlus Health Services for approximately ₹836 crore ($112 million) through an open market transaction. Lavender Rose Investment, a Mauritius-based unit of Warburg Pincus, offloaded 1.35 crore shares at a price of ₹616.48 apiece. Singapore government and ICICI Prudential Mutual Fund acquired a 5.2% stake in MedPlus Health Services for about ₹384.72 crore. The remaining buyers of MedPlus Health Services' shares are currently unknown. MedPlus Health Services' shares closed at ₹638.50 on the National Stock Exchange.

Warburg Pincus, ADIA to invest $877 mn in IDFC First Bank

VCCircle

VCCircle · 4m ago

Warburg Pincus, ADIA to invest $877 mn in IDFC First Bank

Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million in India's IDFC First Bank. The investment involves a preferential issue of equity capital, with Warburg Pincus contributing Rs 4,876 crore and ADIA Rs 2,624 crore, pending shareholder and regulatory approvals. This funding will enhance the bank's capital adequacy from 16.1% to 18.9%, supporting its growth and profitability in the Indian banking sector.

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

VCCircle

VCCircle · 1y ago

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

UAE sovereign fund Mubadala is reportedly in talks to partner with Warburg Pincus for the purchase of a majority stake in Shriram Housing Finance, a subsidiary of Shriram Finance. Meanwhile, Brookfield Asset Management is considering listing Leela Palaces as it seeks to expand its hospitality business in India. Mubadala is said to be exploring multiple investment opportunities in the Indian market, while Warburg Pincus and Bain Capital are also contenders for the Shriram Housing Finance deal.

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