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Today Date : Monday, May 27, 2024

Warburg Pincus to acquire majority stake in Vistaar Finance

Warburg Pincus to acquire majority stake in Vistaar Finance

Warburg Pincus a global private equity firm focused on growth investments has  announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India.

Existing shareholders would include West Bridge Capital (WestBridge), Elevar Equity (Elevar), Omidyar Network India (Omidyar) and Saama Capital (Saama). The transaction is subject to regulatory and certain other approvals.

Kotak Investment Banking is the exclusive financial advisor to this transaction. Vistaar Finance was founded by Brahmanand Hegde and  Ramakrishna Nishtala, veterans in the financial services domain, with the mission to serve small businesses. Vistaar Finance manages an AUM of over INR 2,600cr with presence across 12 states and 205 branches.