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Announced

Completed

Premji Invest completed a $90m investment in TVS Credit Services.

Financials

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Transaction Value£72m
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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India

car financing

Consumer Lending

Acquisition

Minority

Completed

Single Bidder

Friendly

Domestic

Private

Private Equity

Synopsis

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Premji Invest, a multi-family office specializing in private equity and venture capital investments, completed a $90m investment in TVS Credit Services, a car finance and loan company. "We are delighted to partner with TVS Credit in their journey to drive financial inclusion by providing easier access to a range of affordable and innovative financial products. TVS Credit proposes to leverage technology and digital partnerships through an omni-channel approach to widen its customer base and to significantly reduce friction involved in traditional financing. We are confident that the company, given its parentage, will achieve great success and continue to build significant value for all stakeholders," TK Kurien, Premji Invest CEO and Managing Partner.

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