The New York-headquartered global private equity firm Warburg Pincus has decided to acquire a majority stake in India’s MSME lender Vistaar Finance Pvt Ltd, which is said to be managing assets of over Rs 26 billion. Vistaar currently has its presence in 12 states in India, with over 205 branches and more than 35,000 active customers. This acquisition, subject to regulatory approvals, will provide an exit option to Vistaar Finance’s existing investors Elevar Equity, WestBridge Capital, Saama Capital, and Omidyar Network. The terms of this transaction have not been revealed so far. Meanwhile, Kotak Investment Banking is the exclusive financial adviser for this deal.
