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Announced

Completed

Accel and Quona completed the acquisition of Shivalik Small Finance Bank for $17m.

Synopsis

Accel and Quona, two venture capital firms, completed the acquisition of Shivalik Small Finance Bank, a retail banking products and services provider, for $17m.

Principals

Shivalik Small Finance Bank

target

Shivalik Small Finance Bank

ACCEL

bidder

ACCEL

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Market Context

Dealmakers (7)

Service Providers

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Jim Swartz

Jim Swartz

InvestorFounder at ACCEL
Deal Bio
Total Deals
34/
Total Value
£5,216M
Ganesh Rengaswamy

Ganesh Rengaswamy

InvestorManaging Partner at QUONA CAPITAL
Deal Bio
Total Deals
2/
Total Value
£110M
Sourya Donkada

Sourya Donkada

LawyerSenior Associate at AZB & Partners
Deal Bio
Total Deals
7/
Total Value
£201M
Niladri Maulik

Niladri Maulik

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
23/
Total Value
£3,147M
Shantanu Tiwari

Shantanu Tiwari

LawyerSenior Associate at AZB & Partners
Deal Bio
Total Deals
1/
Total Value
£14M
Harsh Kabra

Harsh Kabra

LawyerPartner at AZB & Partners
Deal Bio
Total Deals
2/
Total Value
£304M
Anshul Swami

Anshul Swami

ManagerManaging Director and CEO at SHIVALIK SMALL FINANCE BANK
Deal Bio
Total Deals
2/
Total Value
£23M

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