PE Fund Investments
Nuveen buys 33% stake in mortgage lender Aviom for $30-M
US-based investment manager Nuveen has invested USD 30 million in New Delhi-based mortgage lender Aviom India Housing Finance for about a 33% stake through a combination of primary and secondary deals. The primary investment size is USD 20 million. After Nuveen's investment, promoter Kajal Ilmi's holding in Aviom has come down to 32% from 39% while Japan's Gojo's stake reduced to 19% from 39% and C4D's holding fell to 3% from 7.4%. Sabre Partners AIF Trust's current holding is 9% and the balance is held by other minority shareholders. The firm would use the funds to add to its loan book and expand its operations into newer geographies. Aviom provides loans in the range of INR 1-5 lakh for house construction, extension, and renovation. It has a network of 120 branches in 12 states, including Rajasthan, Madhya Pradesh, Uttar Pradesh, Punjab, Uttarakhand, Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, and Haryana.
From the Venture Intelligence PE-VC Deal Database: Between Aug-2019 and Oct-2021,
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