Gaja Capital, KKR lead Rs 980 crore in Avendus Capital
Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses. The transaction will also see Yogesh Mahansaria—the former promoter of Alliance Tire Group which was acquired by Japan’s...
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Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses.
The transaction will also see Yogesh Mahansaria—the former promoter of Alliance Tire Group which was acquired by Japan’s Yokohama Rubber Co in a $1.2-billion deal last year—come on board Avendus Capital as a minority stakeholder. Mahansaria is also on the company’s board.
DSK Legal associate partner Pritha Jha, senior associates Sanket Jain and Jayesh Kothari and associates Mayank Mehta, Sameer Raina and Tanya Singh acted for Gaja Capital.
Cyril Amarchand Mangaldas Bangalore associates Trayosha Darapuneni, Malavika Chandu, Vishak Abraham acted for KKR and Avendus.
