The proceeds could be used for setting up another 20-25 showrooms, primarily in non-metro North Indian cities. Warburg Pincus Capital Corporation I—B announced the pricing of its $500 million IPO and its units are expected to begin trading on the NYSE under the symbol “WPCB.U,” Friday, March 5.. Sources say Kalyan spends about Rs 35-Rs 40 crore on each of its showrooms. The Rs 1,175 crore initial public offer (IPO) of Kalyan Jewellers, scheduled to launch tomorrow, will reduce stake of global private equity firm Warburg Pincus in … The firm’s active portfolio of more than 195 companies is highly diversified by stage, sector, and geography. Article content (Bloomberg) — Warburg Pincus LLC, an early investor in Ant Group Co., marked down the value of the Chinese fintech giant after its initial public offering was derailed last year, according to people familiar with the matter. It was a decent debut for the ₹1,153 crore initial public offering (IPO) of the Warburg Pincus-backed, Home First Finance Company (HFFC) on … Warburg Pincus-backed Kalyan Jewellers seeks $160 million in IPO Bought spectrum as needed; on strong footing to be competitive in market: VIL official Fulfil the … Citi, Credit Suisse and Evercore ISI acted as lead managers on the deal. © 2021, Nasdaq, Inc. All Rights Reserved. Warburg Pincus LLC is a New York-based private equity firm focused on growth investing with offices in the United States, Europe, Brazil, China, Southeast Asia and India. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. The company plans to target businesses with strong fundamental growth that could benefit from Warburg Pincus' experience, global presence, domain expertise, operational support, and extensive networks. Warburg Pincus's investment in Kalyan in 2014, then a Kerala-Tamil Nadu predominant regional player, was among the first large-scale investment by a global private equity business in India's largely unorganised gold retailing industry. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned. Warburg Pincus Capital I-A, a blank check company formed by Warburg Pincus, raised $250 million by offering 25 million units at $10. The US-based Warburg Pincus, which has over $58 billion in assets under management globally, had invested Rs 1,700 crore in the Thrissur-based family-run business in two tranches - Rs 1,200 crore in 2014 and Rs 500 crore in 2017 for a 32 per cent stake. We intend to identify a target with strong fundamental growth that could benefit from Warburg Pincus' longstanding experience, global presence, domain expertise, operational support and extensive networks and that presents potential for an attractive risk-adjusted return profile. Warburg Pincus exited Vincom in 2019. Toggle navigation Edelman Financial Engines shuns an IPO, but (likely) raises hundreds of millions dollars at a staggering $7.3-billion IPO valuation, despite fresh DOL 401(k) headwinds Kerala-headquartered Kalyan Jewellers initial public offer (IPO) will … The marquee investor increased its stake in the company by 5.03% just a week ago, ahead of the IPO… Warburg Pincus-backed Kalyan Jewellers Gearing Up For IPO Launch On March 16; May Revise Offer Size; Warburg Pincus-backed Kalyan Jewellers Gearing Up For IPO Launch On March 16; May Revise Offer Size. Warburg Pincus I-B is led by Chairman and CEO Christopher H. Turner and … (Note: This is a new blank-check company backed by Warburg Pincus, one of the world’s oldest private equity firms. The article SPAC Warburg Pincus … The company is led by CEO and Chairman Christopher Turner, who is a Managing Director at Warburg Pincus and leads its US Investment Support Group, and CFO and Director Tara O'Neill, who serves as an SVP in the Finance and Legal Department of Warburg Pincus. Warburg Pincus is not limited to a particular industry or geographic region in the identification and acquisition of a target company. The US-based Warburg Pincus, which has over $58 billion in assets under management globally, had invested Rs 1,700 crore in the Thrissur-based family-run business in two tranches - Rs 1,200 crore in 2014 and Rs 500 crore in 2017 for a 32 per cent stake. IPO Alert: Know about the Warburg Pincus-backed Kalyan Jewellers before investing. SPAC Warburg Pincus Capital I-A prices $250 million IPO, Top Cryptocurrencies To Buy Now? The company also has a debt of Rs 3,500 crore at 1:17 debt to equity ratio. Haldiram's sets eyes on India's health food market, 1600% jump in LIC's ULIP premium in a year. The Top 28 Cryptocurrencies to Know in 2021: BTC, ETH, DOGE and More, Instil Bio, Inc. Rings the Opening Bell in Celebration of its IPO, Wholesale car auction platform ACV Auctions sets terms for $314 million IPO, Online gambling software provider Golden Matrix Group files for a $10 million Nasdaq uplisting, Crafting machine maker Cricut sets terms for $322 million IPO, Cancer biotech Instil Bio sets terms for $250 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). As per the company disclosure, about Rs 800 crore from the IPO proceeds are for enhancement of working capital requirements. The blank-check firms, Warburg Pincus Capital Corporation I—A and Warburg Pincus Capital Corporation I—B, said they are aiming to raise up to $250 million and $500 million respectively. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The article SPAC Warburg Pincus Capital I-A prices $250 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Also Read: Kalyan Jewellers IPO: As good as gold. The total offering size of over $740 million made it the largest ever listing in Vietnam and was a landmark transaction for the country. 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