Bain Capital, a private investment firm that specializes in private equity, venture capital, credit, public equity, impact investing, life sciences and real estate, agreed to acquire a 90% stake in Adani Capital and Adani Housing, subsidiaries of Adani Group founded by Gautam Adani in 1988. Financial terms were not disclosed. “Gaurav and the team have built a scale lending business that supports entrepreneurialism and is trying to solve the $300bn+ unmet retail MSME credit demand in the country. The company has strong business fundamentals, an experienced team, with ability to serve and expand to core segments like agriculture, housing and to underbanked rural areas. We see compelling opportunities to partner with Gaurav and team to support and facilitate Adani Capital’s next phase of growth by providing access to significant capital, strategic and operating resources, and deep experience partnering with financial services businesses in India and across the globe,” Rishi Mandawat, Bain Capital Partner.