PE Fund Investments
Bain Capital to acquire 90% stake in Adani Capital for $120-M
Bain Capital is to buy out the Adani family's 90% stake in the Mumbai-headquartered NBFC, Adani Capital, for USD 120 million. The US-headquartered Private Equity investor will also provide Adani Capital an additional liquidity line of USD 50 million in the form of Non-Convertible Debentures (NCDs). Gaurav Gupta, Adani Capital's Managing Director and CEO, will hold the remaining 10% stake. Avendus Capital was the financial advisor to the sellers while Rothschild was the financial advisor to Bain Capital on this transaction. Founded in 2017, Adani Capital has built an AUM of nearly USD 500 million, a network spanning more than 170 branches across eight states, and a team of over 2,500 professionals.
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