Cyril Amarchand Mangaldas advises on acquisition of Vistaar by Warburg Pincus
By ANI | Published: October 19, 2022 04:39 PM2022-10-19T16:39:52+5:302022-10-19T22:10:13+5:30
Cyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Brahmanand Hegde, and Ramakrishna Nishtala (Founders), on the proposed acquisition of a majority stake in Vistaar by Warburg Pincus. Vistaar is a leading NBFC focused on lending to MSME businesses in India.
Cyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Brahmanand Hegde, and Ramakrishna Nishtala (Founders), on the proposed acquisition of a majority stake in Vistaar by Warburg Pincus. Vistaar is a leading NBFC focused on lending to MSME businesses in India. The General Corporate, Capital Markets, Competition Law Practices of Cyril Amarchand Mangaldas advised for Vistaar; and its Founders. The transaction team was led by Reeba Chacko, Partner (Head - Corporate); Saurav Samaddar, Partner; with support from Krithika Chandrasekaran, Principal Associate; Gopika Nambiar, Associate; and Nritika Sangwan, Associate. The team led by Gazal Rawal, Partner; with support from Pankhuri Swarnim, Associate; and Maharshi Shah, Associate; of the firm's Financial Regulatory Practice provided advice on regulatory aspects. The Competition Team led by Kirthi Srinivas, Partner; provided strategic inputs and advised on merger control-related aspects of the deal. As a part of the Transaction, Warburg Pincus has agreed to acquire a majority stake of Vistaar by purchasing shares from various existing shareholders. Vistaar's existing investors WestBridge Capital; Omidyar Network, Elevar Equity, Saama Capital will exit as part of the deal. The transaction documents were signed on October 08, 2022; and closing is subject to regulatory approval.
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( With inputs from ANI )
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