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Announced

Completed

InCred retail non-banking finance business completed the merger with KIFS in a $300m deal.

Financials

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Transaction Value£216m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Majority

Merger

Private Equity

Single Bidder

Friendly

Private

Domestic

funding solutions

Consumer Lending

India

Completed

Synopsis

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InCred retail non-banking finance business completed the merger with KKR India Financial Services, a financing solutions provider in India, in a $300m deal. “We are thrilled to announce this transformative partnership with KKR. Their long-term vision and commitment to the India story fits perfectly with InCred’s objective of creating a leading financial institution that will play a meaningful role in India’s credit ecosystem," Bhupinder Singh, InCred Founder and CEO.

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