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How Advent, Multiples PE-backed Svatantra Microfin fared in FY25

VCCircle

VCCircle · 1m ago

How Advent, Multiples PE-backed Svatantra Microfin fared in FY25

Svatantra Microfin Pvt Ltd, led by Ananya Birla, reported a nearly 30% increase in consolidated net profit for the fiscal year ending March 2025. This growth was largely due to its acquisition of Chaitanya India Fin Credit Pvt Ltd from Sachin Bansal's Navi Group. Supported by private equity firms, this strategic move boosted the microfinance company's financial performance significantly during the reported period.

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Advent, Multiples PE invest $230 mn in microlender Svatantra

VCCircle

VCCircle · 1y ago

Advent, Multiples PE invest $230 mn in microlender Svatantra

Advent International and Multiples PE have announced a joint investment of $230m in Indian microfinance company Svatantra Microfin. The deal will help Svatantra expand its operations and comes seven months after the announcement of its acquisition of Chaitanya India Fin Credit. Svatantra offers small loans to rural entrepreneurs, with a focus on female borrowers. The company claims to serve over 4.2 million customers across 20 states and manages an asset under management of around $1.8bn. The investment is subject to regulatory approval. Ananya Birla will retain a majority stake in the company.

Ananya Birla's Svatantra Microfin receives $230M investment from Advent, Multiples

IndianStartupNews

IndianStartupNews · 1y ago

Ananya Birla's Svatantra Microfin receives $230M investment from Advent, Multiples

India-based microfinance company Svatantra Microfin has secured a $230m investment from private equity firms Advent International and Multiples Private Equity. The funding marks the largest private equity investment in India's microfinance sector to date. Ananya Birla, Chairperson of Svatantra, said the deal would help the company "become the foremost and most impactful microfinance institution." The investment is subject to regulatory approval from the Reserve Bank of India and Competition Commission of India.

Private equity firms at Svatantra Microfin's doorstep

Livemint

Livemint · 1y ago

Private equity firms at Svatantra Microfin's doorstep

Svatantra Microfin, India's second-largest microlender, is planning to raise ₹2,000 crore ($266 million) in a funding round led by Advent International and Multiples Private Equity. The Mumbai-based microfinance institution will utilize the funds to fuel its expansion and growth. This follows Svatantra's acquisition of Chaitanya Microfin last year, which boosted its assets under management to over ₹12,874 crore ($1.71 billion). Svatantra focuses on providing loans for agriculture and allied activities across 19 states in India and has become a key focus area for Ananya Birla, daughter of Aditya Birla Group chairman Kumar Mangalam Birla.

Sector scan: Why microfinance firms are bracing for growth slowdown

VCCircle

VCCircle · 9m ago

Sector scan: Why microfinance firms are bracing for growth slowdown

- India's microfinance sector experiences significant private equity transactions - Advent International and Multiples PE invest Rs 1,930 crore in Svatantra Microfin - Piramal Alternatives invests Rs 600 crore in Annapurna Finance - These investments reflect the growing interest in the microfinance sector - Microfinance firms are preparing for a potential growth slowdown - The sector is closely monitoring the impact of COVID-19 on borrower repayment capacity.

Ananya Birla’s Svatantra Takes Over Sachin Bansal-Backed Chaitanya

Inc42 · 1y ago

Ananya Birla’s Svatantra Takes Over Sachin Bansal-Backed Chaitanya

Ananya Birla's Svatantra Microfin has completed its acquisition of Chaitanya India Fin Credit, a subsidiary of Sachin Bansal-backed fintech startup Navi. With assets under management worth INR 13,000 Cr, the deal valued at INR 1,479 Cr makes Svatantra the second-largest NBFC-MFI after CreditAccess Grameen. The acquisition allows Svatantra to expand its strategic reach in South India. Chaitanya reported strong financial performance, with its revenue growing over 55% to INR 361.1 Cr in FY22 from INR 233.7 Cr in FY21.

Why PE investors are eyeing a bigger pie of India’s financial services sector

VCCircle

VCCircle · 7m ago

Why PE investors are eyeing a bigger pie of India’s financial services sector

Private equity investors, both international and domestic, are showing strong interest in India's financial services sector. Several major investments have taken place recently, with financial sponsors acquiring companies such as Shriram Housing Finance and Svatantra Microfin. Factors driving this surge in investments include the pursuit of scale, proven financial returns, synergies, and a focus on financial inclusion. The Indian government has also taken steps to liberalize investment policies in the sector, further attracting private equity funds. However, investors need to consider factors such as funding mix, exposure norms, and regulatory approvals before making investments in the sector.

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

VCCircle

VCCircle · 1m ago

Bottomline: PE-backed APAC Financial continues profit streak for sixth year

APAC Financial Services Pvt Ltd, backed by Renuka Ramnath-led Multiples Alternate Asset Management, reported a net profit for the sixth consecutive year in FY25. The company's net profit increased to Rs 110 crore ($12.8 million) for the financial year ending March 2025. Founded by Gunit Chadha, the firm continues its profitability streak, showcasing sustained financial growth. APAC Financial's performance underscores its successful management and strategy execution in the financial sector.

Multiples PE nears deal for Smallcase stake

The Arc Web

The Arc Web · 1y ago

Multiples PE nears deal for Smallcase stake

Private equity firm Multiples Alternate Asset Management is considering leading a $30-40 million funding round for Smallcase, a digital investment platform backed by Zerodha and Amazon. This could value Smallcase at over $300 million. Multiples, which traditionally invests in profitable companies and fintechs, raised a $640-million fund in 2023. Smallcase, which bundles securities for retail investors, has 100 million users and facilitated $9.3 billion in investments. It seeks funds to bolster cash reserves and invest in Zerodha Fund House.

PE firm Multiples closes $430 Mn continuation fund

Entrackr

Entrackr · 2m ago

PE firm Multiples closes $430 Mn continuation fund

Private equity firm Multiples Alternate Asset Management has raised $430 million for a continuation fund to extend its investment in three portfolio companies — Vastu Housing Finance, Quantiphi, and APAC Financial Services. The transaction allows investors in Multiples Fund II to monetize their investments while enabling the firm to continue holding on to high-performing assets, according to a press release. The continuation fund, which was oversubscribed, is backed by four global investors — HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest. Some existing Fund II investors have also rolled over their commitments into the new vehicle. Vastu Housing Finance is focused on affordable housing credit, Quantiphi provides AI and digital engineering solutions, and APAC Financial Services is an emerging financial platform with a growing nationwide presence. The fund also includes additional capital for follow-on investments in these companies. Renuka Ramnath-led Multiples has backed more than 35 companies and seen exits across IPOs, strategic sales, and secondary transactions.

How Multiples-backed lender got a valuation bump with two new PE investors

VCCircle

VCCircle · 1y ago

How Multiples-backed lender got a valuation bump with two new PE investors

APAC Financial Services, a financial services provider backed by private equity firm Multiples, has raised additional capital from two alternative investment firms, resulting in a significant increase in its valuation. Led by CEO Renuka Ramnath, Multiples has invested in several companies in the banking, financial services, and insurance sector. The investment from the two new investors will likely boost APAC Financial Services' growth and expand its offerings in the market.

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