Baring, Carlyle Identified To Acquire Warburg's Stake In WNS
by Paritosh Gajjar
Warburg Pincus, the global PE firm, which seems to have already recovered the invested amount in WNS post NYSE listing, is now planning to offload the remaining 29% stake in the company.
Carlyle and Baring PE are touted to pick up its stake, according to ET.
Warburg had bought a majority stake (64.7%) in the BPO firm in 2002 from its promoter British Airways for $40 Mn. This was followed by a series of stake sales which included stake cut through IPO and the latest follow-on ADS offering (worth $110 Mn) earlier this year bringing its holding to 29%.
To fuel its expansion plans into tier II –III towns across India, Cygnus Medicare which owns, manages and operates multi specialty hospital, has raised INR 600 Mn led by Fidelity Growth Partners and its existing investor Somerset Indus Capital.
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