Cyril Amarchand Mangaldas acted as legal counsel to IndoStar Capital Finance Ltd. for the sale of IndoStar Home Finance Private Limited to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership, in a transaction valued at INR 1750 crores on a fully diluted basis.
The deal was officially signed on September 19, 2024.
The transaction team included Anchal Dhir, Shubham Rastogi, Aman Deep Borthakur, Mahin Rai, Samraddhi Shetty, Aanchal Jain, Muskaan Desai, Pramit Dev Pandey, and Kriti Jain.
IndoStar Capital Finance Limited (“ICFL”) is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India, categorized as a middle-layered NBFC. With co-promoters Brookfield and Everstone, ICFL is professionally managed and institutionally owned, offering a wide array of financial products, including Commercial Vehicles, Construction and Farm Equipment, Cars/MUVs, Insurance, and Micro LAP (small-ticket business loans). With assets under management exceeding INR 8000 crores and a nationwide presence through 500+ branches, ICFL caters to a growing customer base of over 1 lakh individuals, providing comprehensive lending and credit solutions to support the aspirations of consumers across India.
