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New Deal


Announced

White Oak Management to acquire Yes Bank's asset management business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Asset Managers and Custodians

Friendly

mutual funds

Pending

India

fund management

Private

equity mutual funds

Private Equity

Acquisition

Single Bidder

asset management

Majority

Synopsis

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White Oak Management, a boutique private equity firm, agreed to acquire Yes Bank's asset management businesses, YES Asset Management (India) and YES Trustee. Financial terms were not disclosed. YES Bank’s decision to sell the AMC business is part of its strategy to focus on its core business. In a stock exchange disclosure, the lender revealed the AMC’s contribution to the bank’s bottom line and net worth, which were negligible in 2019-20.

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