PE-VC Fund Investments
Carlyle to acquire majority stake in Nido Home Finance for Rs.2,100-Cr
Press Release Business Line Nido Home Finance
Investment funds affiliated with Carlyle Asia Partners (CAP) will acquire a majority stake in Mumbai-based Nido Home Finance , a wholly-owned subsidiary of Edelweiss Financial Services (EFSL), for INR 2,100 Cr (about USD 230 million).The transaction involves CAP acquiring a 45% stake in Nido from Edelweiss through a secondary purchase and a primary equity capital infusion of INR 1,500 Cr (approximately USD 165 million) into Nido. Aditya Puri, Senior Advisor to Carlyle in Asia, will also participate as an investor.Founded in 2010, Nido Home Finance provides home loan solutions to customers in the affordable housing and mass-market segments. The company operates a network of branches that serve over 800 talukas in India, and currently manages Assets Under Management (AUM) of INR 4,804 crore (about USD 530 million).Carlyle has previously invested in India’s financial services sector, specifically in housing finance businesses such as PNB Housing Finance and Housing Development Finance Corporation.
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