Carlyle Group to acquire a 45% stake in Nido Home Finance from Edelweiss for $230m.

Carlyle Group, an American multinational private equity, agreed to acquire a 45% stake in Nido Home Finance, a housing finance company, from Edelweiss, an investment and financial services company, for $230m. “The investment by Carlyle in Nido is a key milestone and brings in a high-quality, long-term partner to accelerate Nido’s next phase of growth. At a time when India’s housing finance sector is witnessing strong structural demand, supported by rising affordability and deeper access to formal credit, Nido is well-placed to participate meaningfully in this opportunity. I have deep respect for the financial services franchise that Carlyle has built over many years in India and am very excited that they will be partners to help Nido in its next stage of scale-up. Nido has built a strong, purpose-led franchise in affordable housing finance, and I am confident that this combination of strong leadership and capital will help accelerate expansion and create enduring value for all stakeholders," Rashesh Shah, Edelweiss Chairman & MD.