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 […]