Private Equity Liquidity Events
Partners Group exits home loans provider Aavas Financiers
Source Aavas (opens in a new tab)Investor Announcement (opens in a new tab)
Switzerland-based private equity firm Partners Group has sold its stake in Jaipur-based housing finance provider Aavas Financiers , to CVC Capital Partners, marking its full exit from the company.Founded in 2011, Aavas provides home loans, home construction loans, loans against properties, home improvement loans, and business loans to low- and middle-income salaried and self-employed customers in underserved and underreached segments. The company operates from 397 branches across 14 states and union territories.
Company website ↗ (opens in a new tab)
Partners Group acquired a significant stake in Aavas between 2016 and 2018. The company went public in Oct 2018, since which Partners Group has been making part exits.For FY24, Aavas Financiers had reported about INR 2,018 Cr in Operating Income and about INR 491 Cr in PAT.