Private Equity

Liquidity Events

Affirma Capital exits autocomp player Craftsman Automation at 7.5x return

Economic Times  

Affirma Capital (which was spun off from StanChart PE) has completed a secondary sale of its investment in publicly listed Craftsman Automation, a Coimbatore-based automotive component and precision engineering company. Affirma will divest its equity stake in the company, returning an aggregate Multiple on Invested Capital (MOIC) of 7.5x in INR terms and 5.1x in terms of USD. Affirma Capital acquired a 15.5% stake in Craftsman Automation in August 2012 and sold a partial stake during the IPO in March 2021.