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New Deal


Announced

Multiples Alternate Asset Management to invest $30m in Niyo.

Financials

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Transaction Value£24m
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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Private

Domestic

Single Bidder

Pending

Minority

FinTech

payroll management services

India

Friendly

Acquisition

Private Equity

Synopsis

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Multiples Alternate Asset Management, a private equity firm, to invest $30m in Niyo, a fintech company. “Vinay and Viren are building Niyo with a strong technology and partnership DNA. We are very excited to partner with them in the journey to build India’s leading fintech platform and accelerate digital adoption of financial products across the country,” Nithya Easwaran, Multiples Managing Director.

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