Avendus Capital Advises an Affiliate of Warburg Pincus on Its Exit From CAMS (~20% Stake Worth USD 324 mn)
Great Terrain Investment Ltd, an affiliate of Warburg Pincus, sold its 19.87% stake in Computer Age
Management Services (CAMS) worth USD 324 million (INR 2,700 crore), exiting the company. The transaction was executed in the block window at INR 2,766 per share, a minimal 0.9% discount to 1st December 2023 closing price of INR 2,790.15. The deal saw participation from high quality foreign and domestic investors.
Avendus Capital was the sole advisor and Avendus Spark Institutional Equities was the sole broker on this transaction.
About CAMS
Computer Age Management Services (CAMS) is India’s largest Registrar and Transfer Agent (RT&A) with a 69% market share and an AUM of INR 32.5 trillion as of September 2023. The company is the market-leading platform and service partner to alternative investment funds and portfolio managers, serving over 400 mandates of 180 funds with fullstack digital and fund administration services.
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