Warburg Pincus and ADIA to Invest ~Rs.7,500 Crore in IDFC FIRST Bank

Warburg Pincus Invests $95M in Home First Finance

October 2, 2020

Financial Services

US private equity firm Warburg Pincus, via affiliate Orange Clove Investments BV, agreed to invest about $95 million (INR 700 crore) in Home First Finance Company India Ltd on October 2, 2020. The transaction comprises a mix of primary capital and secondary share purchases from existing shareholders to support Home First's next phase of expansion in the affordable housing finance segment.

Warburg Pincus to invest ~$100M in boAt (Imagine Marketing Private Limited)

January 5, 2021

Consumer Products

An affiliate of Warburg Pincus will invest approximately $100 million in boAt (Imagine Marketing Private Limited), a leading Indian direct-to-consumer brand in personal audio and wearables. The growth investment will support boAt's market expansion, R&D, manufacturing capabilities under the Make-in-India initiative, and product portfolio expansion.

CVC, Nordic Capital and ADIA Complete Acquisition of Hargreaves Lansdown

March 25, 2025

Financial Services

A consortium led by CVC and Nordic Capital, with Platinum Ivy (a wholly-owned subsidiary of ADIA), has completed the acquisition of Hargreaves Lansdown and the company has been delisted from the London Stock Exchange. The consortium said it will partner with management to accelerate Hargreaves Lansdown’s transformation plan, investing in technology, digital channels and service enhancements to improve the client proposition and drive growth in the UK wealth market.

Warburg Pincus Affiliate Acquires Majority Stake in Imperial Auto Industries

March 8, 2022

Automotive

Stone Plant Investments B.V., an affiliate of Warburg Pincus, has acquired a majority stake in Imperial Auto Industries Limited, India’s largest manufacturer of fluid transmission products. The investment will fund capacity expansion, accelerate EV battery-cooling product development, and support Imperial’s export and global growth plans while the existing management led by CEO Tarun Lamba remains in place.

Advent International and Multiples Invest $230M in Svatantra Microfin

March 4, 2024

Financial Services

Advent International and Multiples Private Equity will invest $230 million in Ananya Birla's Svatantra Microfin Pvt. Ltd., marking the largest PE investment in India's microfinance sector. The transaction (subject to regulatory approvals) will support the combined Svatantra–Chaitanya entity — which serves over 4.2 million customers and employs more than 17,000 people — to expand products, technology and analytics while the promoter group will remain a significant majority shareholder.

Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

April 9, 2025

Software

Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.