Warburg Pincus to acquire a minority stake in Home First Finance for $95m.

Warburg Pincus, a private equity firm, agreed to acquire a minority stake in Home First Finance Company India, a provider of housing finance services for $95m. “Home First has had a remarkable journey to become a leading affordable housing finance company in a relatively short span of 10 years. It is helmed by a very talented team and robust operating processes that continue to steer the company to do well through the pandemic and to leverage the growth potential of the affordable segment. Warburg Pincus looks forward to the partnership with True North and towards backing Manoj and the management team in its next phase of expansion," Narendra Ostawal, Warburg Pincus Managing Director.