Anagram Partners served as the legal advisor to CVC for this transaction. CVC Purchases 26.47% Stake from Partners Group and Kedaara Capital, Announces Additional Open Offer for Further Shares.
The transaction team of Anagram Partners consisted of Shuva Mandal (Partner), Ankit Mishra (Partner), Rajesh Simhan (Partner), Aashna Kothari (Principal Associate), Karan Nelivigi (Principal Associate), Ashana Shah (Senior Associate), Sarthak Parnami (Senior Associate), Anoushka Shetty (Associate) and Siddhant Sahu (Associate).
CVC Capital Partners has secured a 26.47% shareholding in Aavas Financiers for approximately ₹3,400 crore from Partners Group and Kedaara Capital. This acquisition marks the largest M&A buyout in the housing finance sector. Additionally, CVC plans to extend an open offer to public shareholders, valued at around ₹3,600 crore, to acquire an extra 26% stake.
CVC, a prominent global private markets manager with €193 billion in assets under management, is enhancing its presence in India’s housing finance sector through this deal. Aavas Financiers, established in 2011, provides a range of financial products, including home loans and MSME business loans, to underserved markets.
CVC has issued a detailed public announcement regarding the open offer.
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