Investment Summary

Apax and WestBridge Capital Partners Invest In Chola

On July 28, 2014, private equity firms Apax and WestBridge Capital Partners invested in financial services company Chola

Investment Highlights
  • This is Apax’s 6th and WestBridge Capital Partners’ 3rd transaction in the Financial Services sector.
  • This is Apax’s 3rd and WestBridge Capital Partners’ 26th transaction in India.

Investment Summary

Date 2014-07-28
Target Chola
Sector Financial Services
Investor(s) Apax
WestBridge Capital Partners
Deal Type PIPE

Target

Chola

Chennai, India
Chola is a financial services arm of the Murugappa Group that offers vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stockbroking, and a variety of other financial services to customers. Chola was founded in 1978 and is based in Chennai, India.

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Investor(S) 2

Investor

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 153 of 266
Sector: Financial Services M&A 6 of 10
Type: PIPE M&A Deals 6 of 8
Country: India M&A 3 of 7
Year: 2014 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-19 SK FireSafety Group

Noord Brabant, Netherlands

SK FireSafety Group is a provider of critical safety services in the active fire and life safety markets in the Benelux and Scandinavia. SK FireSafety Group was founded in 2011 and is based in Noord Brabant, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Answers

New York, New York, United States

Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City.

Buy -
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 29 of 50
Sector: Financial Services M&A 3 of 10
Type: PIPE M&A Deals 4 of 4
Country: India M&A 26 of 44
Year: 2014 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Havells India

Noida, India

Havells India is a manufacturer of electrical and power distribution equipment. The company manufactures products ranging from building circuit protection, industrial and domestic switchgears, cables and wires, energy meters, fans, CFL lamps, luminaries for domestic, commercial and industrial application, and modular switches.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Supreme Industries

Mumbai, India

Supreme Industries is a plastic processing company with a wide range of plastic products, including plastic furniture, industrial moulded products, protective packaging products & plastic piping systems. Supreme Industries was incorporated in 1942 and is based in Mumbai, Maharashtra.

Sell -