Private Equity

PE Fund Investments

Piramal Alternatives to invest Rs.200-Cr in ATM player TSI India

Economic Times  

ATM operator Transactions Solutions International (India) has raised INR 200 crore from Piramal Alternatives' Performing Credit Fund (PCF). The investment will be used for TSI's business expansion initiatives, to accelerate its ATM deployment and other payment processing initiatives. TSI has more than 14,000 ATMs under management and offers automated Bill Pay solutions for utility companies. In October 2022, TSI's parent company Transaction Solutions International acquired a 75% stake in the Indian entity from the PE fund CX Partners after a 10-year period. In 2013, CX Partners had acquired the stake in TSi India for INR 120 crore (USD 22 million). TSI bought back the stake for INR 244 crore.