Announced
Completed
Financials
Sources
Tags
Single Bidder
Minority
business loans
Cross Border
Diversified Financials
Private Equity
Friendly
India
Private
Acquisition
Completed
Synopsis
A KKR-led consortium, consisting of Sequoia Capital India, Norwest Venture Partners and TVS Capital, completed a $234m investment in Five-Star Business Finance, an Indian lender to small businesses. Five Star plans to use the capital to expand its lending business to provide much-needed financing solutions to more of India’s small businesses, which comprise a large and growing segment of the country’s economy.
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