Private Equity Liquidity Events
Apax Partners sells Shriram City Union Finance shares worth Rs.447-Cr, registers 1.1x return
Apax Partners has sold shares of publicly-listed Shriram City Union Finance (SCUF) worth INR 447.43 crore. Post the latest sale, Apax would hold a 19.19% stake in the NBFC.
From the Venture Intelligence PE-VC Deal Database: In May 2015, Apax Partners had invested INR 2,456.21 crore for a 20.37% stake in SCUF by acquiring shares from TPG Capital. Later, it invested more.