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New Deal


Announced

Completed

HDFC Capital and Cerberus formed a joint venture.

Financials

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

Sources

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Tags

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Completed

Single Bidder

Real Estate Holding and Development

Joint Venture

Majority

India

residential real estate

Friendly

Private

Cross Border

Private Equity

Synopsis

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HDFC Capital, a Real Estate Private Equity Investment Manager, and Cerberus, an American global alternative investment firm, formed a joint venture. Financial terms were not disclosed. “This platform, in partnership with Cerberus, has the potential to provide an impetus to the real estate sector by providing capital solutions to developers and restarting stalled housing projects,” said Deepak Parekh, HDFC Capital Chairman.

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