M&A Deal Summary

Kedaara Capital and Partners Group AG Acquire Aavas Financiers

On February 12, 2016, private equity firm Kedaara Capital and asset manager Partners Group AG acquired financial services company Aavas Financiers for 9.5B INR

Acquisition Highlights
  • This is Kedaara Capital’s 2nd and Partners Group AG’s 2nd transaction in the Financial Services sector.
  • This is Kedaara Capital’s 0th and Partners Group AG’s 18th largest (disclosed) transaction.
  • This is Kedaara Capital’s 6th and Partners Group AG’s 3rd transaction in India.
Investment Fate
  • Aavas Financiers went public in 2018.

M&A Deal Summary

Date 2016-02-12
Target Aavas Financiers
Sector Financial Services
Buyer(s) Kedaara Capital
Partners Group AG
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 9.5B INR

Target

Aavas Financiers

Jaipur, India
Aavas Financiers is a non-banking finance company involved in providing house loans, primarily in the un-served, unreached and under-served market. Aavas Financiers was formed in 2011 and is based in Jaipur, India.

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Buyer(S) 2

DESCRIPTION

Kedaara Capital is an operationally oriented private equity firm focused on control and select minority investments in India. The Firm is a generalist investor, with no sector preferences and looks to commit $25 to $75 million per transaction. The Firm does not invest in seed or early stage companies or in businesses where the market is unproven. Kedaara Capital was established 2011 and is headquartered in Mumbai.


DEAL STATS #
Overall 6 of 23
Sector (Financial Services) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 5
Country (India) 6 of 21
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-18 Manjushree India

Bengaluru, India

Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Bill Forge Pvt

Bengaluru, India

Bill Forge Pvt Ltd. is a precision forging company based in Bangalore, India with 6 manufacturing facilities in India across Bangalore, Coimbatore and Haridwar and an upcoming plant in Celaya, Mexico. BFPL is a crucial supplier to a number of domestic and global two-wheeler and passenger car OEMs and Tier 1 auto component companies. It manufactures a variety of cold, warm, hot forged and machined components primarily for steering, transmission and wheel-related assemblies.

Sell Rs13.3B
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 33 of 88
Sector (Financial Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 16
Country (India) 3 of 4
Year (2016) 5 of 12
Size (of disclosed) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Guardian Early Learning Group

Sydney, Australia

Guardian is currently the second largest operator of private childcare services in Australia. The group currently owns and manages 69 childcare centres across the country, providing education and care for over 5,700 children daily.

Buy AU$440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Axia NetMedia

Calgary, Alberta, Canada

Axia NetMedia Corp. owns, operates and sells services over fibre optic communications infrastructure. Company sell fast, reliable transport services using the most intelligent data management systems to deliver maximum performance at every moment on our networks.

Buy -