White Oak Capital completes acquisition of Yes Bank's MF biz

White Oak Capital has completed the transaction to acquire the mutual fund business of Mumbai-based, publicly listed Yes Bank. GPL Finance and Investments, a subsidiary of White Oak Capital group, received capital markets regulator Sebi's approval to acquire Yes Asset Management and Yes Trustee Ltd from Yes Bank in September. Yes Securities acted as an exclusive advisor to the transaction. Samvad Partners acted as legal advisor to Yes Bank, while Khaitan & Co, IC Universal Legal and Regstreet Law Advisors were legal advisors to White Oak Capital on the transaction.