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M&A Deal Summary

Multiples Alternate Asset Management Acquires Vastu

On January 1, 2017, private equity firm Multiples Alternate Asset Management acquired financial services company Vastu

Acquisition Highlights
  • This is Multiples Alternate Asset Management’s 3rd transaction in the Financial Services sector.
  • This is Multiples Alternate Asset Management’s 12th transaction in India.

M&A Deal Summary
Date 2017-01-01
Target Vastu
Sector Financial Services
Buyer(s) Multiples Alternate Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Vastu

Mumbai, India
Vastu is a housing finance company working to enable millions of Indians to fulfill their dreams of owning a bigger, better and a new home. With proprietary technology platform PULSE, has been the helping customers to estimate and demonstrate their undocumented income to avail credit solutions from company. PULSE has enabled a completely paperless digital experience for customers which has helped in faster turnarounds to service them better. Vastu was founded in 2015 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

Multiples Alternate Asset Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.

DEAL STATS #
Overall 12 of 28
Sector: Financial Services M&A 3 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
Country: India M&A 12 of 26
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Sara Sae Pvt.

Dehradun, India

Sara Sae Pvt. Ltd. is a manufacture of hi-tech drilling equipments for land and jack-up rigs like BOP Accumulators, hydraulic tongs, hammer unions, swivel joints. Sara, along with its subsidiary CPC, has the largest market share of surface BOP control systems. Sara also specializes in ring joint gaskets, hammer unions, flow iron equipment, handling equipment and other fast-moving goods used in drilling, fracking and completion segments.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 PeopleStrong

Gurgaon, India

PeopleStrong is a multi-process HR outsourcing and HR technology company. PeopleStrong was founded in 2006 and is based in Gurgaon, India.

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Mergr

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