NEWS & VIEWS

Global private equity and venture capital news and research

Warburg, IFC lead $50m round for Indian NBFC Au Financiers

12 Mar 2012

Global private equity firm Warburg Pincus has led a $50m fundraising round for Indian non-banking finance company (NBFC) Au Financiers, which also attracted commitments from existing investor International Finance Corporation (IFC).

The investment will primarily be used to fund the future growth of the Rajasthan-based company, which provides secured loan products through 150 branches in seven states across western and central India.

Warburg Pincus and General Atlantic are also said to be in talks with Indian industrial conglomerate Essar to buy a $200m stake in its IT services division, Aegis, ahead of a planned IPO.

The listing could raise an extra $300m to $400m for the $17bn group, although it is not yet clear whether it will float in the US, the UK or India. Essar raised $2.5bn through the London listing of its energy unit in 2010.

Copyright © 2012 AltAssets

 

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014