Investment Summary

Multiples Alternate Asset Management Invests In Veritas Finance

On July 5, 2023, private equity firm Multiples Alternate Asset Management invested in financial services company Veritas Finance

Investment Highlights
  • This is Multiples Alternate Asset Management’s 9th transaction in the Financial Services sector.
  • This is Multiples Alternate Asset Management’s 24th transaction in India.

Investment Summary

Date 2023-07-05
Target Veritas Finance
Sector Financial Services
Investor(s) Multiples Alternate Asset Management
Deal Type Growth Capital

Target

Veritas Finance

Chennai, India
Veritas Finance provides MSME financing across semi-urban and rural geographies, which is a large and underserved market. Veritas Finance was founded in 2015 and is based in Chennai, India.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

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 26 of 28
Sector: Financial Services M&A 9 of 10
Type: Growth Capital M&A Deals 7 of 8
Country: India M&A 24 of 26
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Montra Electric

Chennai, India

Montra Electric is a comprehensive commercial vehicle-focussed EV platform with presence across three-wheelers, MHCVs, tractors, and SCVs. The company is a category creator in the electric MHCVs and tractors segment and has truly differentiated products in the electric three-wheelers and SCVs segment. Montra Electric is based in Chennai, India.

Buy -
FOLLOWING 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 -