Apax Partners $378.6 million acquisition of 20.37% of Shriram City Union Finance

Overview:

• Apax Partners has acquired a 20.37% stake in Shriram City Union Finance (SCUF) for $378.6 million from TPG Capital.
• Apax acquired the stake via vehicle Dynasty Acquisition.
• SCUF focuses on lending to SMEs, specifically those in rural and semi rural areas. The company has 957 branches.
• Apax already has an Indian financial services company in its portfolio in the form of Chola, which has 575 branches.

Katrin Kostadinova - Data analyst