Investment Summary

BanyanTree Finance Pvt. Invests In Popular Vehicles & Services

On May 3, 2017, growth capital firm BanyanTree Finance Pvt. invested in automotive company Popular Vehicles & Services

Investment Highlights
  • This is BanyanTree Finance Pvt.’s 1st transaction in the Automotive sector.
  • This is BanyanTree Finance Pvt.’s 16th transaction in India.

Investment Summary

Date 2017-05-03
Target Popular Vehicles & Services
Sector Automotive
Investor(s) BanyanTree Finance Pvt.
Deal Type Growth Capital

Target

Popular Vehicles & Services

Cochin, India
Popular Vehicles & Services operates a significantly large automobile servicing business. Popular operates one of the largest car servicing business in India, with close to 45 service centers and catering to more than 500,000 cars in a year. Popular Vehicles & Services is based in Cochin, India.

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Investor(S) 1

DESCRIPTION

BanyanTree Finance Pvt. Ltd. is an Indian private equity firm focused on growth companies with at least $20 million in revenue. BanyanTree looks to invest in underserved sectors often ignored by other firms and companies unable to access traditional sources of capital. BanyanTree is based in Mumbai.


DEAL STATS #
Overall 16 of 19
Sector: Automotive M&A 1 of 1
Type: Growth Capital M&A Deals 11 of 11
Country: India M&A 16 of 19
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 KLF Nirmal

Thrissur, India

KLF Nirmal engages in the manufacturing and marketing of coconut-based products which include hair care oil, edible oil, and other coconut derivatives, mainly sold under its brands 'KLF Coconad' and 'KLF Nirmal'. KLF Nirmal was founded in 1992 and is based in Thrissur, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Kanakadurga Finance

Vijayawada, India

Kanakadurga Finance is a provider of vehicle loans and secured credit in underserved markets and has multiple products in its portfolio which includes three-wheeler, two-wheeler, and SME loans. Majority loans by the Company are used by the borrowers to acquire assets to earn a livelihood which ensures that the borrowers prioritize servicing the loan over discretionary expenditure. Kanakadurga Finance was founded in 1994 and is based in Vijayawada, India.

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