Acquisition History / Warburg Pincus / Shriram Housing Finance Ltd

Warburg Pincus Acquires Shriram Housing Finance Ltd

Announced May 13, 2024 — $523.2M

Warburg PincusAffordable housing finance2024

What happened

Shriram Finance's board approved selling its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore. Warburg acquired the business through its affiliate Mango Crest Investment, buying out both Shriram Finance's controlling stake and Mauritius-based Valiant Partners' minority holding. It was one of the largest control deals in Indian housing finance that year.

Acquirer
Warburg Pincus
Target
Shriram Housing Finance Ltd
Announced
May 13, 2024
Price
$523.2M
Industry
Affordable housing finance
Buyer type
Private equity
Fund vehicle
Mango Crest Investment (Warburg Pincus affiliate)
Backing investors
Warburg Pincus
Status
Announced, not yet closed

By the numbers

Warburg Pincus's acquisition history
1st of 2 tracked deals
Disclosed prices
2 of 2 Warburg Pincus deals
Warburg Pincus's average disclosed price
$886.6M
Warburg Pincus's largest disclosed deal
J.S.B. Co. ($1.25B)
Tracked acquisitions in 2024
157 across all acquirers
Warburg Pincus in Affordable housing finance
1 acquisition

Frequently Asked Questions About This Acquisition

When did Warburg Pincus acquire Shriram Housing Finance Ltd?

Warburg Pincus acquired Shriram Housing Finance Ltd on May 13, 2024. This was Warburg Pincus's 1st publicly tracked acquisition out of 2 we have on record.

How much did Warburg Pincus pay for Shriram Housing Finance Ltd?

Warburg Pincus paid $523.2M for Shriram Housing Finance Ltd.

What does Shriram Housing Finance Ltd do?

Shriram Finance's board approved selling its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore. Warburg acquired the business through its affiliate Mango Crest Investment, buying out both Shriram Finance's controlling stake and Mauritius-based Valiant Partners' minority holding. It was one of the largest control deals in Indian housing finance that year.

What other Affordable housing finance companies has Warburg Pincus acquired?

Shriram Housing Finance Ltd is Warburg Pincus's only publicly tracked acquisition in Affordable housing finance so far.

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