Indian law firm Touchstone Partners has advised Motilal Oswal Alternates, private equity arm of the Motilal Oswal Group, on its investment in Vistaar Financial Services as the lead investor in Warburg Pincus-backed Vistaar’s fundraising round of INR 1,360 crores. AZB & Partners acted for Vistaar and Warburg on the deal.
The round saw participation from other investors including Singapore-headquartered ABC Impact. Earlier this year, private equity fund True North had also made a minority investment in Vistaar, guided by a Pioneer Legal team led by partner Anupam Shukla.
Vistaar is a NBFC specialising in providing financial solutions tailored for micro, small, and medium-sized enterprises (MSMEs). Warburg Pincus had acquired a majority stake in Vistaar in May 2023.
The capital infusion aims to support Vistaar’s growth in assets under management (AUM), which currently stands at over INR 5,000 crore, and maintains a strong capital adequacy ratio exceeding 50 percent.
The Touchstone Partners team advising on the transaction was led by partner Pranay Bagdi, and included Pranjal Doshi, Viraj Vaidya and Aryan Dama.
The AZB team on the deal was led by partners Vaidhyanadhan Iyer and Jeet Chaudhuri.
