Investment Summary

Multiples Alternate Asset Management Invests In Chola

On February 1, 2012, private equity firm Multiples Alternate Asset Management invested in financial services company Chola for 212M INR

Investment Highlights
  • This is Multiples Alternate Asset Management’s 1st transaction in the Financial Services sector.
  • This is Multiples Alternate Asset Management’s 0th largest (disclosed) transaction.
  • This is Multiples Alternate Asset Management’s 3rd transaction in India.
Investment Fate
  • Chola was sold to a consortium of financial buyers in 2014.
  • Chola was sold to a financial buyer in 2015 for 178M INR.

Investment Summary
Date 2012-02-01
Target Chola
Sector Financial Services
Investor(s) Multiples Alternate Asset Management
Deal Type Stake Purchase
Deal Value 212M INR

Target

Chola

Chennai, India
Chola is a financial services arm of the Murugappa Group that offers vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stockbroking, and a variety of other financial services to customers. Chola was founded in 1978 and is based in Chennai, India.

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Investor(S) 1

Investor

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 3 of 26
Sector (Financial Services) 1 of 10
Type (Stake Purchase) 3 of 9
Country (India) 3 of 24
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 South Indian Bank

Thrissur, India

South Indian Bank is a private-sector bank with a predominant presence in South India. The Bank has one of the largest core banking solution-enabled branch networks among Indian Private Sector banks. South Indian Bank was founded in 1929 and is based in Thrissur, India.

Buy -
Mergr

Product

Company

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