Warburg Pincus Acquires Stake in Cinema Operator PVR From Multiples Alternate Asset Management(Asia)
Posted On: 18 Jan 2017 | Source: Warburg Pincus
Global private equity firm Warburg Pincus has acquired a 14 percent stake in National Stock Exchange- and Bombay Stock Exchange-listed cinema multiplex operator PVR for approximately INR8.2 billion (approximately US$120 million). Warburg Pincus acquired the stake from affiliates of India-focused private equity firm Multiples Alternate Asset Management (Multiples PE) and the company’s promoters. Multiples PE will retain a 14 percent stake in the company.