Advent International and Multiples Invest $230M in Svatantra Microfin
March 4, 2024
Advent International and Multiples Private Equity will invest $230 million in Ananya Birla's Svatantra Microfin Pvt. Ltd., marking the largest PE investment in India's microfinance sector. The transaction (subject to regulatory approvals) will support the combined Svatantra–Chaitanya entity — which serves over 4.2 million customers and employs more than 17,000 people — to expand products, technology and analytics while the promoter group will remain a significant majority shareholder.
- Buyers
- Advent International, Multiples Private Equity
- Targets
- Svatantra Microfin Pvt. Ltd.
- Industry
- Financial Services
- Location
- Maharashtra, India
- Transaction Type
- Growth capital
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