Warburg Pincus Secures Major Stake in Fleur Hotels
An affiliate of global private equity firm Warburg Pincus LLC, Coastal Cedar Investments B.V., is poised to acquire a substantial 41.09% equity stake in Fleur Hotels Private Limited. The seller is APG Strategic Real Estate Pool N.V., marking a significant divestment from the Indian hospitality asset.
The transaction, announced January 16, 2026, highlights continued investor interest in India's growing hotel sector, despite the intricate legal frameworks involved in such deals.
Deal Advisory
Cyril Amarchand Mangaldas served as legal counsel for APG Strategic Real Estate Pool N.V. The transaction team was spearheaded by Partners Ruetveij Pandya and Molla Hasan, with crucial support from Principal Associate Abhilasha Malpani and a team of associates. Avaantika Kakkar and Dhruv Rajain led the competition law advisory.
AZB & Partners provided legal representation for Warburg Pincus. Senior Partners Anil Kasturi and Niladri Maulik, alongside Partners Anisha Shridhar and Bharat Apte, managed the core transaction. A large team of senior associates and associates supported on various diligence aspects, including corporate, IP, employment, and real estate.
This intricate deal structure, involving multiple legal teams, underscores the complexity of cross-border private equity investments in India's real estate and hospitality segments. The involvement of leading law firms signifies the strategic importance and value of Fleur Hotels as an asset.