Warburg Pincus books partial exit from 13-year-old bet with below-par returns

By Ranjani Raghavan

  • 30 Aug 2019
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Credit: VCCircle

US private equity firm Warburg Pincus has made a partial exit from a company residing in its portfolio for around 13 years, clocking less than benchmark returns. The PE firm sold a little over half its shares -- amounting to 6.72% stake -- in Lemon Tree Hotels on Thursday, the latter ......

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