Acquisitions in Rajasthan, India

Strata Geosystems has acquired India-based Venus Interlinings, a manufacturer of advanced non-woven geotextiles and technical textiles, marking Strata’s entry into the non-woven geotextiles segment. The deal — a mix of cash and equity — adds a state-of-the-art manufacturing facility and technical capabilities to Strata’s product portfolio while Venus leadership (led by Ravi Taparia) will remain in place to ensure continuity.

Aquilo House Pte. Ltd., an entity of CVC Capital Partners Asia VI, entered into definitive agreements to acquire 26.47% of Aavas Financiers through the purchase of 20,949,112 shares. The stake is being bought from selling shareholders including Partners Group entities and Lake District Holdings Limited (an affiliate of Kedaara Capital), with the acquisition triggering a mandatory open offer under India’s SEBI takeover regulations and resulting in CVC becoming the promoter upon closing.

TPG Growth, Norwest Venture Partners, and Evolvence India led a $33 million equity investment in Ess Kay Fincorp, an India-based non-bank finance company focused on commercial vehicle and small business lending in rural and semi-urban regions. The round was fully subscribed by existing investors, and additional transaction terms were not disclosed.