Investment Summary

Advent International, The Carlyle Group and WestBridge Capital Partners Invest In Yes Bank

On January 1, 2018, private equity firms Advent International, The Carlyle Group and WestBridge Capital Partners invested in financial services company Yes Bank

Investment Highlights
  • This is Advent International’s 28th, The Carlyle Group’s 44th and WestBridge Capital Partners’ 4th transaction in the Financial Services sector.
  • This is Advent International’s 5th, The Carlyle Group’s 30th and WestBridge Capital Partners’ 34th transaction in India.

Investment Summary

Date 2018-01-01
Target Yes Bank
Sector Financial Services
Investor(s) Advent International
The Carlyle Group
WestBridge Capital Partners
Deal Type Stake Purchase

Target

Yes Bank

Mumbai, India
Yes Bank is a new private sector bank. The Bank is focused on high-growth, knowledge sectors such as life sciences, media/entertainment, business services, skills-based manufacturing and agribusiness. Yes Bank was founded in 2004 and is based in Mumbai, Maharashtra.

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Investor(S) 3

Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 258 of 353
Sector: Financial Services M&A 28 of 36
Type: Stake Purchase M&A Deals 9 of 16
Country: India M&A 5 of 16
Year: 2018 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Iodine Software

Austin, Texas, United States

Iodine Software is a provider of artificial intelligence-based software solutions for health systems that reduce errors and omissions in clinical documentation. Iodine Software was founded in 2010 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Circet

Sollies-Pont, France

Circet is a provider of telecoms infrastructure services. Circet's clients include telecoms operators, manufacturers of telecoms equipment, key accounts owning infrastructures, infrastructure operators, the state and local authorities. Circet was founded in 1993 and is based in Sollies-Pont, France.

Buy -
Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 610 of 750
Sector: Financial Services M&A 44 of 48
Type: Stake Purchase M&A Deals 57 of 73
Country: India M&A 30 of 34
Year: 2018 M&A 1 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 AvanStrate

Yokkaichi, Japan

AvanStrate is a manufacturer of glass substrates for liquid crystal display (LCD glass).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Companeo

Suresnes, France

Companeo is a European player in online business lead generation. The company offers an online marketplace, assisting marketing and sales departments attract new clients. The company is present in 17 European countries and serves more than 5,000 B2B companies.

Sell -
Investor
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


DEAL STATS #
Overall 38 of 50
Sector: Financial Services M&A 4 of 10
Type: Stake Purchase M&A Deals 22 of 29
Country: India M&A 34 of 44
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Kerovit

New Delhi, India

Kerovit offers you a wide range of sanitaryware. Kerovit was founded in 2013 and is based in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-11 Enrich Salons

Mumbai, India

Enrich Salons owns and operates a chain of hair and beauty salons. Enrich Salons was founded in 1997 and is based in Mumbai, India.

Buy -