Investment Summary

Ascent Capital Invests In Radiant Cash Management Services

On January 23, 2015, private equity firm Ascent Capital invested in financial services company Radiant Cash Management Services

Investment Highlights
  • This is Ascent Capital’s 4th transaction in the Financial Services sector.
  • This is Ascent Capital’s 25th transaction in India.

Investment Summary

Date 2015-01-23
Target Radiant Cash Management Services
Sector Financial Services
Investor(s) Ascent Capital
Deal Type Growth Capital

Target

Radiant Cash Management Services

Chennai, India
Radiant Cash Management Services is a comprehensive Network Cash Management and ATM Replenishment partner to leading banks, NBFCs and MSPs. Radiant Cash Management Services was founded in 2005 and is based in Chennai, Tamil Nadu.

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Investor(S) 1

Investor

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 392M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.


DEAL STATS #
Overall 25 of 33
Sector: Financial Services M&A 4 of 4
Type: Growth Capital M&A Deals 6 of 8
Country: India M&A 25 of 33
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 CARE Ratings

Mumbai, India

CARE Ratings is a credit rating agency, provides various rating and grading services in India, Mauritius, and Nepal. The company provides rating services for debt instruments, such as bonds, debentures, hybrid instruments, preference shares, fixed deposits, commercial papers and short-term debt programs, and certificate of deposits; and bank loan; financial sector rating services, which cover banks, non-banking finance companies, housing finance companies, financial institutions, etc. CARE Ratings was founded in 1993 and is based in Mumbai, Maharashtra.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-17 Robosoft Technologies

Udupi, India

Robosoft Technologies is a full-service digital experiences agency offering digital advisory, design strategy, UX/UI services, app development & maintenance and expertise in emerging technologies. Robosoft Technologies was founded in 1996 and is based in Udupi, India.

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