GIC Invests in Capital First Partial Sell-Off
Posted on 05/18/2017
Private equity firm Warburg Pincus, through Cloverdell Investment Ltd., sold its 25% ownership stake in Capital First, a non-banking financial company in India, for roughly Rs 1,768 crore (US$ 275.4 million). Post-deal Cloverdell Investment will retain a 36% in Capital First. Singapore’s GIC Private Limited acquired an 8.93% stake in the transaction, boosting its ownership […]
- Asia
- Capital First
- Deals
- Government of Singapore Investment Corporation
- India
- lending
- Private Equity
- Singapore
- Warburg Pincus