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 ]


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.

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