Private Equity

Liquidity Events

TPG, Matrix Partners & Norwest sell Five-Star Business Finance shares worth INR 1,863-Cr

Stock Exchange Data  

TPG Capital, Matrix Partners India and Norwest have sold a 3.11%, 3.06% and 2.59% stake respectively in Chennai-headquartered, publicly listed Five-Star Business Finance Ltd, realising INR 662 Cr, INR 650 Cr and INR 551 Cr respectively.

From the Venture Intelligence PE-VC Deal Database: Between Feb 2014 and Oct 2022, Five-Star Business Finance had raised over USD 480 M from Matrix Partners India, IIFL AMC, Peak XV Partners, Norwest, KKR, TVS Capital, TPG Capital, Morgan Stanley, others. The company went public in Nov 2022, as part of which TPG, Matrix Partners and Norwest had made part exits. (Subscribers to the database can login to view the return multiples, investment deal valuation and other transaction details.)