Investment Summary

KKR, ChrysCapital and International Finance Invest In Poonawalla Fincorp

On May 23, 2011, private equity firm KKR, private equity firm ChrysCapital and International Finance invested in financial services company Poonawalla Fincorp

Investment Highlights
  • This is KKR’s 6th, ChrysCapital’s 8th and International Finance’s 1st transaction in the Financial Services sector.
  • This is KKR’s 4th, ChrysCapital’s 25th and International Finance’s 1st transaction in India.

Investment Summary

Date 2011-05-23
Target Poonawalla Fincorp
Sector Financial Services
Investor(s) KKR
ChrysCapital
International Finance
Deal Type PIPE

Target

Poonawalla Fincorp

Mumbai, India
Poonawalla Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. Poonawalla Fincorp was founded in 1978 and is based in Mumbai, Maharashtra.

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Investor(S) 3

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 93 of 499
Sector: Financial Services M&A 6 of 22
Type: PIPE M&A Deals 6 of 15
Country: India M&A 4 of 29
Year: 2011 M&A 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-12 Masan Consumer

Ho Chi Minh City, Vietnam

Masan is focused on the domestic consumption opportunity and has built leading businesses in the branded food and beverage sector and in the animal nutrition value chain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Academy Sports and Outdoors

Katy, Texas, United States

Academy Sports and Outdoors is a sports, outdoor, and lifestyle retailer with a broad assortment of high-quality hunting, fishing, and camping equipment and gear along with sports and leisure products, footwear, apparel, and much more. Academy Sports and Outdoors was founded in 1938 and is based in Katy, Texas.

Buy -
Investor

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 30 of 54
Sector: Financial Services M&A 8 of 13
Type: PIPE M&A Deals 2 of 2
Country: India M&A 25 of 45
Year: 2011 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-24 KPIT Technologies

Pune, India

KPIT Technologies is a provider of software development, IT consulting, and product engineering solutions. KPIT Technologies was founded in 1990 and is based in Pune, Maharshtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 Eris Lifesciences

Ahmedabad, India

Eris Lifesciences is a formulations company with a strong presence in chronic and lifestyle therapies such as anti-diabetes, cardiology, nutrition, and neuropsychiatric. Eris Lifesciences was founded in 2007 and is headquartered in Ahmedabad, Gujarat.

Buy -
Investor

International Finance

Washington, District of Columbia, United States

Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 8
Sector: Financial Services M&A 1 of 2
Type: PIPE M&A Deals 1 of 1
Country: India M&A 1 of 3
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 eleni

Addis Ababa, Ethiopia

eleni designs, builds and deploys turn-key commodity exchanges in Africa, including the ancillary supporting infrastructure. eleni is based in Addis Ababa, Ethiopia.

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