Before Avtec, Warburg Pincus exited its India investments of Lemon Tree Hotels, Nhava Seva, Capital First and AU Small Finance Bank. Photo: BloombergMumbai: US-based private equity (PE) firm Warburg Pincus is set to exit its investment Avtec Ltd, with Avtec’s promoter—the CK Birla group—offering to buyout the PE investor’s stake. Warburg had picked up the 30% stake in Avtec in 2013 for an undisclosed amount, providing exit to the company’s previous investor Actis. “Warburg Pincus held 30% equity stake in Avtec as an investor for a period of over 4 years. In the last couple of years, Warburg Pincus has seen several exits (part or complete) from its Indian portfolio.

Source: Mint April 18, 2018 18:45 UTC