Warburg Pincus Acquires 80% Stake in Avanse Financial Services
March 16, 2019
An affiliate of Warburg Pincus has entered into a definitive agreement to acquire an 80% equity stake in Avanse Financial Services Limited from Wadhawan Global Capital. Warburg Pincus will also infuse INR 3,000 million of primary equity capital to support Avanse's growth as a specialized education finance NBFC in India.
- Buyers
- Warburg Pincus (affiliate of funds managed by Warburg Pincus LLC)
- Targets
- Avanse Financial Services Limited
- Sellers
- Wadhawan Global Capital Private Limited (WGC)
- Industry
- Financial Services
- Location
- Maharashtra, India
- Transaction Type
- Buyout
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