Investment Summary

Multiples Alternate Asset Management and Advent International Invest In Svatantra

On March 4, 2024, private equity firms Multiples Alternate Asset Management and Advent International invested in financial services company Svatantra

Investment Highlights
  • This is Multiples Alternate Asset Management’s 10th and Advent International’s 33rd transaction in the Financial Services sector.
  • This is Multiples Alternate Asset Management’s 25th and Advent International’s 15th transaction in India.

Investment Summary

Date 2024-03-04
Target Svatantra
Sector Financial Services
Investor(s) Multiples Alternate Asset Management
Advent International
Deal Type Growth Capital

Target

Svatantra

Mumbai, India
Svatantra provides affordable financial credit products to women entrepreneurs in rural India. Svatantra was founded in 2012 and is based in Mumbai, Maharastra.

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Investor(S) 2

Investor
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 27 of 28
Sector: Financial Services M&A 10 of 10
Type: Growth Capital M&A Deals 8 of 8
Country: India M&A 25 of 26
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 PVR INOX

Gurugram, India

PVR INOX is a cinema entertainment company. PVR INOX was founded in 1995 and is based in Gurugram, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-08 QBurst

Thiruvananthapuram, India

QBurst is a product development and consulting company. QBurst serves a diverse, worldwide clientele across a broad range of industries, offering comprehensive digital solutions. QBurst’s capabilities span a wide spectrum of digital solutions, encompassing cloud enablement, data and AI development, digitalization services (including mobility, CRM, and enterprise solutions), end-to-end product development leveraging microservice architecture, DevOps, and cybersecurity best practices, digital marketing strategies, and SaaS implementations. QBurst was founded in 2004 and is based in Thiruvananthapuram, Kerala.

Buy -
Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 336 of 353
Sector: Financial Services M&A 33 of 36
Type: Growth Capital M&A Deals 29 of 30
Country: India M&A 15 of 16
Year: 2024 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Skala Cosmeticos

Uberaba, Brazil

Skala Cosmeticos is a manufacturer of haircare brand that develops 100% vegan products. Skala Cosmeticos was founded in 1986 and is based in Uberaba, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform that offers direct connections to all major payment card schemes worldwide. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Buy $6.3B