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Announced

Completed

TPG, Norwest and Evolvence led a $45m Series E round in Ess Kay.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Single Bidder

non-banking financial company

Venture Capital

Acquisition

Completed

Cross Border

Private

financial services

India

Diversified Financials

Private Equity

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Synopsis

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TPG, Norwest and Evolvence led a $45m Series E round in Ess Kay, a non-banking financial company. "This is our third round of investment in the company in the last 2.5 years and we continue to be strong believers in Ess Kay’s business model that bridges the large credit gap that exists for unbanked and under-banked populations in India. The strength of the founder and management team has allowed the company to navigate several disruptions along its journey, creating a successful rural-focused, lending platform in India. We are excited to strengthen our relationship with Ess Kay and look forward to continuing to work with the team to build on Ess Kay’s long-term success," Akshay Tanna, TPG Partner.

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