Warburg Pincus To Acquire 30% Stake In Home First Finance
Sep 30, 2020
MUMBAI: The US based private equity major Warbug Pincus will acquire about 30% stake in Home First Finance Company (HFFC), the Mumbai-based affordable housing finance company. Warburg will invest about Rs.800 crore in HFFC, said two people aware of the development. In this secondary round, existing investors True North Capital, and Bessemer Ventures will sell part of their stake to Warburg. Home-grown private equity firm True North Capital, along with co-investor GIC owns about 74% of HFFC. Another 16% stake is held by VC fund Bessemer Ventures, and the rest is with the management.
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