Deal Street

November 29, 2019

Shardul Amarchand Mangaldas advises Norwest Venture Partners on latest round of funding in Ess Kay Fincorp


[ by Legal Era News Network ]

samlogo

Shardul Amarchand Mangaldas & Co (SAM & Co) has advised its client, Norwest Venture Partners on its further follow-on investment in its existing portfolio company Ess Kay Fincorp which saw further investment from its other existing investors TPG Growth and Evolvence India Fund also. SAM has also advised Norwest on all their previous round of investments into Ess Kay.

Norwest is a leading multi-stage investment firm managing more than USD 9.5 billion in capital. The firm invests in early to late stage companies across a wide range of sectors with a focus on consumer, enterprise and healthcare.

Jaipur based Ess Kay Fincorp is a NBFC primarily providing financing for income generation activity to the commercial vehicle segment and small businesses in rural and semi urban regions across North and West India.

The transaction was led by Puja Sondhi, Equity Partner, and the transaction team consisted of Aayush Kapoor, Partner, Sumeet Singh, Partner, Aakanksha Dalal, Senior Associate, Kartik Monga, Associate and Meghna De, Associate.

The deal value is approximately Rs. 235 crores.

Cyril Amarchand Mangaldas & Co. advised Ess Kay Fincorp & Mr. Rajendra Kumar Setia (the Promoter); AZB & Partners, Mumbai advised TPG and Trilegal advised Evolvence.

latest News

  • Whether a claimant of title by virtue of adverse possession can maintain a suit under Article 65 of Limitation Act, 1963

    The facts of the case date back to 1954 when an individual instituted a suit against the ‘mutt’ for “recovery of possession” of the suit land ...

    Read More
  • SC Staffers Sent to Police Custody for Posting Wrong Info on Website

    Two Supreme Court staffers have been remanded to seven days’ police custody by a for allegedly posting wrong information on the apex court's websit...

    Read More
  • Senior Partner at L&L Partners, Sameen Vyas passes away

    Projects and Finance lawyer Sameen Vyas, who had been a partner at L&L Partners, passed away on 21 October 2019 due to cardiac arrest. He had felt unw...

    Read More