Norwest Venture Partners acquire 17.78% stake in Ummeed Housing Finance advised by Shardul Amarchand Mangaldas advised
Shardul Amarchand Mangaldas advised Norwest Venture Partners on its acquisition of 17.78% stake in Ummeed Housing Finance Pvt. Ltd. ("Ummeed") consisting of a combination of primary investment and secondary acquisition.
The transaction team was led by Puja Sondhi, Partner; Nivedita Tiwari, Partner; Nandini Seth, Principal Associate; Shambhawi Mishra, Senior Associate; and Meghna De, Associate. The due diligence team was led by Kanishk, Partner; Sumant Prashant, Principal Associate; Pooja Thomas, Senior Associate; Anshul Chhirang, Associate; Gayathri Subramaniam, Associate; Kanika Mittal, Associate; and Simant Satapathy, Associate. The closing team was led by Aakanksha Dalal, Senior Associate; Meghna De, Associate; and Paavani Gupta, Associate. Lok Capital Growth Fund, one of the sellers, was advised by Amit Khansaheb, Partner.
AZB & Partners, Trilegal and Antares Legal advised Ummeed, NHPEA Kabru Holding B.V and Duane Park Private Limited, respectively.