Investment Summary

Warburg Pincus and Kedaara Capital Invest In Avanse Financial Services

On March 16, 2019, private equity firms Warburg Pincus and Kedaara Capital invested in financial services company Avanse Financial Services

Investment Highlights
  • This is Warburg Pincus’ 40th and Kedaara Capital’s 4th transaction in the Financial Services sector.
  • This is Warburg Pincus’ 39th and Kedaara Capital’s 12th transaction in India.

Investment Summary

Date 2019-03-16
Target Avanse Financial Services
Sector Financial Services
Investor(s) Warburg Pincus
Kedaara Capital
Deal Type Growth Capital

Target

Avanse Financial Services

Mumbai, India
Avanse Financial Services is a technologically advanced, education-focused NBFC to provide seamless and affordable education financing for Indian students. Their financial solutions cover the entire gamut of the education ecosystem ranging from school education to post-graduation & education infrastructure financing. Avanse Financial Services was founded in 2013 and is based in Mumbai, Maharashtra.

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Investor(S) 2

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 398 of 492
Sector: Financial Services M&A 40 of 48
Type: Growth Capital M&A Deals 131 of 159
Country: India M&A 39 of 49
Year: 2019 M&A 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Contrast Security

Los Altos, California, United States

Contrast Security is a provider of differentiated technology that embeds vulnerability analysis and exploit prevention directly into modern software. Contrast’s patented deep security instrumentation enables highly accurate assessment and always-on protection of an entire application portfolio, without disruptive scanning or expensive security experts. Contrast Security was founded in 2014 and is based in Los Altos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $3.4B
Investor

Kedaara Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kedaara Capital is an operationally oriented private equity firm focused on control and select minority investments in India. The Firm is a generalist investor, with no sector preferences and looks to commit $25 to $75 million per transaction. The Firm does not invest in seed or early stage companies or in businesses where the market is unproven. Kedaara Capital was established 2011 and is headquartered in Mumbai.


DEAL STATS #
Overall 12 of 25
Sector: Financial Services M&A 4 of 4
Type: Growth Capital M&A Deals 5 of 9
Country: India M&A 12 of 21
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Manjushree India

Bangalore, India

Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bangalore, Karnataka.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Ajax

Bangalore, India

Ajax is a concrete equipment manufacturer supplying products to contractors executing infrastructure projects such as roads, irrigation and housing . Its offering includes the complete suite of concreting equipment including Self Loading Concrete Mixers (SLCM), Batching Plants, Transit Mixers, Boom Pumps and Slip Form Pavers. Ajax was founded in 1992 and is based in Bangalore, Karnataka.

Buy -