Anagram Partners advised TPG Capital on its acquisition of Poonawalla Housing Finance Limited for a pre-money equity valuation of USD 473 million

TPG Capital, the US-headquartered private equity major closed a deal with Poonawalla Fincorp to acquire its housing finance arm. The acquisition of Poonawalla Housing Finance Limited (PHFL) closed at a pre-money equity valuation of USD 473 million. Poonawalla Housing Finance Limited (PHFL) is a national-scale affordable housing finance company with a presence across 19 states and UTs in India. The acquisition of PHFL was made through TPG Capital Asia – the Asia-focused arm of the private equity platform.

TPG is a leading global alternative asset management firm with PHFL being the latest addition to TPG Capital Asia’s existing portfolio of fast-growing financial services companies across Asia, including Five Star Business Finance, Du Xiaoman Financial, Kakao Bank and Singlife.

Anagram Partners acted as the legal advisors to TPG Capital. The team was led by Partners, Shuva Mandal, Ankit Mishra and comprised Aditi Tralshawala, Vivek Narang, Vidhisha Ambade, Anoushka Shetty and Aditya Agarwal.

Read more at:

TPG closes its acquisition of 99.02% equity stake of Poonawalla Housing Finance | TPG Global, LLC

India’s Poonawalla Fincorp to sell housing unit to TPG for $473 mln | Reuters