Cyril Amarchand Mangaldas advised Vistaar and its Founders in the acquisition of stake by Warburg Pincus

Cyril Amarchand Mangaldas advised Vistaar and its Founders in the acquisition of stake by Warburg Pincus

Cyril Amarchand Mangaldas advised Vistaar Financial Services Private Limited (Vistaar); and its founders Mr. Brahmanand Hegde, and Mr 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 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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