M&A Deal Summary

EbixCash Acquires Essel Finance VKC Forex

On January 4, 2019, EbixCash acquired financial services company Essel Finance VKC Forex for 8M USD

Acquisition Highlights
  • This is EbixCash’s 1st transaction in the Financial Services sector.
  • This is EbixCash’s largest (disclosed) transaction.
  • This is EbixCash’s 4th transaction in India.

M&A Deal Summary

Date 2019-01-04
Target Essel Finance VKC Forex
Sector Financial Services
Buyer(s) EbixCash
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Essel Finance VKC Forex

Mumbai, India
Essel Finance VKC Forex Ltd. is a private sector financial services company. As an umbrella brand for the financial businesses of the Essel Group. The company offers a diverse range of services and products across the corporate finance and retail sectors.

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Buyer(S) 1

Buyer

EbixCash

Mumbai, India

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

EbixCash is a financial exchange company in India with a ‘Phygital’ strategy (physical experience with digital backend) that combines more than 260,000 physical distribution outlets to an Omni-channel online digital platform, EbixCash has established an enterprise financial exchange portfolio that encompasses leadership in digital payments solutions, money transfer services (domestic & international), travel, insurance and corporate & incentive solutions. Ebix Payment Services was formed in 2006 and is based in Mumbai.


DEAL STATS #
Overall 4 of 6
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
Country (India) 4 of 6
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 AHA Taxis

Noida, India

AHA Taxis is an outstation taxi partner for outstation rental, taxi service, tourism, and transportation all over India. AHA Taxis was formed in 2015 and is based in Noida, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Pearl International Tour & Travels

Delhi, India

Pearl International Tour & Travels Ltd. is a provider of B2B and B2C travel services, ranging from domestic and international ticketing, incentives travel, leisure products, luxury holidays, to foreign exchange and travel documentation. Pearl International Tour & Travels Ltd. was founded in 1992 and is based in Delhi, India.

Buy -