Anagram Partners represents CVC in the acquisition of a majority stake in Aavas Financiers by way of an acquisition from Partners Group and Kedaara Capital and a follow-on open offer for USD 835 million.

CVC is a leading global private markets manager with a network of 29 offices throughout EMEA, the Americas, and Asia, with approximately €193 billion of assets under management.

Established in 2011, Aavas Financiers is one of India’s leading housing finance companies with a market cap of INR 13,020 crores, focused on providing home loans, home construction loans, home improvement loans, MSME business loans etc., to underserved and underreached markets.

Anagram Partners is advising CVC on the acquisition of 26.47% shareholding of Aavas Financiers for approximately INR 3,400 crores from Partners Group and Kedaara Capital. CVC is also making an open offer for INR 3,600 crores approximately to the public shareholders of Aavas Financiers to acquire an additional 26% shareholding.

Anagram Partners is the legal advisor to CVC on this transaction. The team is led by our Partners Shuva Mandal, Ankit Mishra and Rajesh Simhan and comprises Aashna Kothari, Karan Nelivigi, Ashana Shah, Sarthak Parnami, Anoushka Shetty and Siddhant Sahu.

Read more at:

CVC Capital Partners wins bid for Aavas Financiers, valuing it at ₹13,019 crore | Mint (livemint.com)

CVC Capital secures Aavas Financiers deal, outbidding EQT (moneycontrol.com)