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Putting India on the map: EVCJ speaks to Warburg Pincus, the firm behind one of the country's best ever exits.

Publication: European Venture Capital Journal
Publication Date: 01-APR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Putting India on the map: EVCJ speaks to Warburg Pincus, the firm behind one of the country's best ever exits.(FEATURE: INDIA)(Interview)

Article Excerpt
New York-based private equity firm Warburg Pincus is legendary in the Indian private equity space for its spectacular exit from Bharti Airtel. The PE firm took a bet on ambitious telecom entrepreneur Sunil Mittal and bought 18.5% of his company Bharti between 1999 and 2001 for just under US$300m. Having helped it grow into India's largest private sector telecom company, Warburg Pincus fully exited by 2005, pocketing US$1.9bn along the way. The transaction served as a wake-up call for PE firms everywhere--India was a place capable of generating serious returns.

Warburg Pincus is one of the largest private equity investors in India, having put in over US$1.5bn over a 12-year period. It has invested in...

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