Stake Purchase • Financial Services

TPG Invests In Shriram Finance

On November 9, 2009, private equity firm TPG invested in financial services company Shriram Finance from ChrysCapital

Investment Context
  • This is TPG’s 12th transaction in the Financial Services sector.
  • This is TPG’s 2nd transaction in India.
Investment Fate
  • Shriram Finance was sold to a consortium of buyers in 2013.

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Investment Summary

Date November 9, 2009
Target Shriram Finance
Sector Financial Services
Investor(s) TPG
Sellers(s) ChrysCapital
Deal Type Stake Purchase

Target Company

Shriram Finance

Mumbai, India
Shriram Finance is a finance provider for the commercial vehicle industry with a focus on providing credit facilities to small truck owners. Shriram Finance was founded in 1979 and is based in Mumbai, India.
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Investor Overview 1

Investor

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 Investor #
Overall 140 of 453
Sector: Financial Services 12 of 27
Type: Stake Purchase 8 of 37
Country: India 2 of 27
Year: 2009 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-05 IMS Health Holdings

Danbury, Connecticut, United States

IMS Health Holdings, Inc. is an information and technology services company providing clients in the healthcare industry with end-to-end solutions to measure and improve their performance. IMS Health was established in 1954 and is based in Danbury, Connecticut.

Buy $5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Kraton

Houston, Texas, United States

Kraton is a producer of styrenic block copolymers (SBCs), specialty chemicals that exhibit rubber-like characteristics and improve product durability, flexibility and temperature resistance. Kraton was incorporated in 2009 and is based in Houston, Texas.

Sell -

Seller Profile 1

SELLER

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


Deal Context for Seller #
Overall 11 of 32
Sector: Financial Services 4 of 8
Type: Stake Purchase 2 of 3
Country: India 10 of 27
Year: 2009 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 Redington Gulf FZE

Dubai, United Arab Emirates

Redington Gulf is the largest IT distributor and supply chain solutions provider in the Middle East and Africa, distributing and servicing more than 24 brands of IT and telecom products for global vendors such as HP, Acer, Dell, Samsung, Western Digital, Cisco and Nokia. Founded in 1993, the company provides warehousing, logistics, credit management and warranty / post-warranty product repair services to thousands of local resellers and retailers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-30 Hathway Cable & Datacom

Mumbai, India

Hathway Cable & Datacom is a cable broadband service provider. Hathway Cable & Datacom was founded in 1959 and is based in Mumbai, India.

Sell -