Bain Capital acquires 90% of Adani Capital.
Bain Capital, a private investment firm, has purchased 90% of Adani Capital. Non-Convertible Debentures up to $50 million are also being made available to the corporation as soon as possible.
Bain Capital, a private investment company, will purchase 90% of Adani Capital and Adani Housing. NEW DELHI. The deal would completely wipe out the Adani family’s private investments in the business, while Gaurav Gupta will keep his position as managing director and CEO while rolling up his entire ownership in the business.
The deal is anticipated to be finalised in Q4 2023.In order to support the business’s ongoing growth, Bain Capital has additionally provided $120 million in primary capital. Additionally, the company will have access to a $50 million line of credit in the form of non-convertible debtentures right away from the firm.
“Gaurav and the team are working to address the $300 billion unmet retail MSME credit need in the nation by developing a scale lending business that fosters entrepreneurship. Rishi Mandawat, a Partner at Bain Capital, stated that the company has excellent business foundations, an experienced staff, and the capacity to service and expand to core categories including agriculture, housing, and to underbanked rural areas.
“Our goal has always been to empower micro-entrepreneurs and first-time homebuyers in Bharat and to use technology to make us the most affordable and practical lender for our clients. We are now able to grow by 4 times from here thanks to Bain Capital’s investment of R1,000 crore in the business, according to Gaurav Gupta.
Adani Capital, Adani Housing Finance, and its stockholders had only one financial advisor for this deal, Avendus Capital.
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