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Advent International picks up majority stake in Encora for $1.5 billion

Warburg Pincus, the present majority shareholder, would be minor partner

Topics
Advent International | Warburg Pincus

Shivani Shinde  |  Mumbai 



Shweta Jalan, MD of Advent India  	PHOTO:Advent
Shweta Jalan, MD of Advent India | PHOTO: Advent

Private equity (PE) major has acquired a majority stake in Encora, a global digital engineering services company with innovation labs in India and the US, for $1.5 billion. As part of the agreement, Warburg Pincus, the existing majority shareholder of Encora, has sold its stake and now retains a minority shareholding.

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First Published: Thu, December 23 2021. 00:25 IST

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