Divestiture • Financial Services

TPG Acquires Grihum Housing Finance

On December 14, 2022, private equity firm TPG acquired financial services company Grihum Housing Finance from Poonawalla Fincorp

Acquisition Context
  • This is TPG’s 27th transaction in the Financial Services sector.
  • This is TPG’s 27th transaction in India.

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M&A Deal Summary

Date December 14, 2022
Target Grihum Housing Finance
Sector Financial Services
Buyer(s) TPG
Sellers(s) Poonawalla Fincorp
Deal Type Divestiture

Target Company

Grihum Housing Finance

Pune, India
Grihum Housing Finance is an affordable housing finance company in India. The Company is engaged in making homeownership a reality for those who have generally been overlooked by India’s mainstream lenders. Grihum Housing Finance is based in Pune, Maharashtra.
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Buyer Overview 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Buyer #
Overall 416 of 454
Sector: Financial Services 27 of 27
Type: Divestiture 34 of 41
Country: India 27 of 27
Year: 2022 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Rubicon Carbon

Marina del Rey, California, United States

Rubicon Carbon is a carbon credit solutions provider that helps companies manage and offset emissions through diversified, high-integrity carbon credit portfolios. Rubicon Carbon was founded in 2022 and is based in Marina del Rey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Group Landmark

Ahmedabad, India

Group Landmark operates in the fields of automobile and insurance. The company is present in 27 cities across India with more than 90 state-of-the-art facilities. Group Landmark was founded in 1998 and is based in Ahmedabad, Gujarat.

Sell -

Seller Profile 1

SELLER

Poonawalla Fincorp

Mumbai, India

Category Company
Founded 1978
Sector Financial Services
Employees2,384
Revenue 40.0B INR (2025)
DESCRIPTION

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.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
Country: India 1 of 1
Year: 2022 1 of 1

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