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Qatar Investment Authority coming as key backer in India housing finance PE buyout
VCCircle
·
1y ago
Medial
The Qatar Investment Authority (QIA) is set to support Warburg Pincus, a prominent private equity firm, in their acquisition of an Indian housing finance company. Known for its investments in various sectors such as technology, renewable energy, retail, and healthcare in India, QIA will play a significant role in this buyout.
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Warburg Pincus-backed Shriram Housing rebrands as Truhome Finance
VCCircle
·
6m ago
Medial
Shriram Housing, an affordable housing finance company, has rebranded as Truhome Finance following its acquisition by Warburg Pincus for Rs 4,630 crore. Qatar Investment Authority joined the cap table post-acquisition. Despite the rebrand, the company's mission to provide accessible home loans remains unchanged. Truhome has 165 branches and reported a 58% rise in net profit to Rs 217.4 crore in the fiscal year ending March 2024, with assets under management reaching Rs 16,000 crore.
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Qatar wealth fund eyeing investment opportunities in China's retail, tech sectors
Economic Times
·
1y ago
Medial
Qatar Investment Authority, the sovereign wealth fund of Qatar, is exploring investment opportunities in China's retail, healthcare, tech, and logistics sectors. The fund's unit, Qatar Investment Authority Advisory (Asia Pacific), is considering investments in both public and private companies. This comes as Middle East investors, including those from Saudi Arabia, seek to diversify their economies and reduce dependence on oil. China has emerged as a key partner for such countries, with Gulf buyers announcing a significant increase in acquisitions of Chinese targets compared to previous years.
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PE firm TA Associates lines up a unicorn housing finance bet
Livemint
·
1y ago
Medial
Private equity firm TA Associates is expected to acquire a significant stake in Vastu Housing Finance, a company backed by Multiples PE. The deal is estimated to be around $400 million, with Vastu Housing Finance being valued at over $1.4 billion. Existing investors, including Norwest Venture Partners and Creation Investments India, are also increasing their stake in the company. This investment round will consist of both secondary and primary fundraising. Vastu Housing Finance has seen strong financial performance, reporting net sales of ₹768.5 crore and a net profit of ₹285 crore in 2022-23.
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Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation
Money Control
·
1y ago
Medial
Gurugram-based affordable housing finance company Ummeed Housing Finance has raised $70m in a funding round led by A91 Partners. Of the total amount raised, A91 contributed $45m, with the rest coming from existing investors such as Norwest Venture Partners. The latest funding puts the company's valuation at $300m. Ummeed Housing Finance offers housing loans and secured business loans to low-income households in Tier 2 and Tier 3 towns in India.
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Nivara Housing Finance Bags $10 Mn From Baring PE India
Inc42
·
1y ago
Medial
Mumbai-based housing finance startup Nivara Home Finance has raised INR 82.4 crore ($10 million) in a funding round led by Baring Private Equity India. Nivara, which offers small-ticket housing loans to micro-entrepreneurs and salaried professionals, plans to use the funding to fuel its expansion and growth strategies. The company currently operates in five states across India and has assets under management worth INR 500 crore. The affordable housing finance sector in India is set for significant growth, with Nivara's commitment to underserved segments positioning it well for the future.
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ADIA, BlackRock bet on Bajaj Housing Finance as IPO opens
VCCircle
·
11m ago
Medial
Bajaj Housing Finance's IPO has opened for public subscription, with the company already raising $209 million from major institutional investors. The IPO, valued at $782 million, is expected to attract strong interest due to the booming demand for home loans in India. Bajaj Housing Finance is set to benefit from the rising home prices, particularly for luxury properties. The IPO has seen interest from large investors such as the government of Singapore, BlackRock, and Abu Dhabi Investment Authority.
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Multiples PE-backed Vastu Housing raises fresh capital from foreign investor
VCCircle
·
1y ago
Medial
Multiples Private Equity-backed mortgage lender, Vastu Housing Finance Corporation, has secured funding from an international development finance body to cater to the housing credit needs of low-income groups and women. The Mumbai-based firm aims to address the demand for housing finance that specifically targets women. Vastu Housing Finance Corporation focuses on providing mortgages for affordable homes.
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Multiples PE leads $118-mn investment in Shubham Housing
VCCircle
·
8m ago
Medial
Private equity firm Multiples PE has invested $118 million in Shubham Housing Development Finance Company Ltd in a Series F funding round. The round also saw participation from existing investors Asian Development Bank and British International Investment. The funding will be used to drive growth and expand Shubham Housing's presence. The company currently operates across 12 states in India and aims to increase its assets under management to $865 million by the end of the fiscal year. Multiples PE will hold a significant minority stake in Shubham Housing following the investment.
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Nivara Home Finance bags $10 mn from Baring PE India
VCCircle
·
1y ago
Medial
Indian housing finance company, Nivara Home Finance, has raised $10 million from Baring Private Equity Partners India. Nivara plans to use the funding to support company growth and expansion. The company provides affordable housing finance to micro-entrepreneurs and salaried customers in Tier 2, 3, and 4 markets in India. Currently operating in five states, Nivara has maintained a robust asset quality and has a gross non-performing asset ratio of 0.58%.
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PE firm EQT acquires Indostar Home Finance for Rs 1,750 Cr
YourStory
·
10m ago
Medial
Private equity firm EQT has agreed to acquire a 100% stake in Indostar Home Finance for INR 1,750 crore ($210 million). Indostar Home Finance, a subsidiary of Indostar Capital Finance Limited, offers affordable mortgages in tier 2 to tier 4 cities in India. It has achieved a 32% compounded annual growth in the last three years, with assets under management exceeding INR 2,400 crore. The investment will support the company's expansion plans and digital transformation journey. India's affordable housing finance sector is seen as a long-term growth opportunity due to government support and rising affordability.
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