Warburg Pincus Acquires Equity Stake in Future Capital Holdings (Asia)

Source: Future Group

Future Group, an India-based consumer conglomerate, has agreed to sell its stake in Indian financial services provider Future Capital Holdings (FCH) to Warburg Pincus. The U.S.-based global private equity firm will acquire Future Group’s stake at a price of INR162 (US$2.90) per share and will also invest INR1 billion (approximately US$18 million) directly in FCH through a preferential share allotment. The transaction will result in Warburg making an open offer to FCH’s existing shareholders under India’s SEBI regulations. Separately, Greater China Private Equity Review reports Warburg Pincus has made an undisclosed investment in Chinese orthodontia technology firm EA Inc.