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Announced

11 Aug 2022

Completed

30 Aug 2022

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

target

Shivalik Small Finance Bank

bidder

ACCEL

Show Details & Financials

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Market Context

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Seller Team (5)

sourya donkada

Senior Associate at AZB & Partners

Lawyer

target

Deals

£ 192 M

Total Value

niladri maulik

Partner at AZB & Partners

Lawyer

target

Deals

£ 3.15 B

Total Value

shantanu tiwari

Senior Associate at AZB & Partners

Lawyer

target

Deal

£ 14 M

Total Value

harsh kabra

Partner at AZB & Partners

Lawyer

target

Deals

£ 304 M

Total Value

anshul swami

Managing Director and CEO at SHIVALIK SMALL FINANCE BANK

Manager

target

Deal

£ 14 M

Total Value

Bidder Team (2)

jim swartz

Founder at ACCEL

Investor

bidder

Deals

£ 5.22 B

Total Value

ganesh rengaswamy

Managing Partner at QUONA CAPITAL

Investor

bidder

Deals

£ 110 M

Total Value

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