Global Private Equity Firms Eye Stake Sale at Aavas Financiers
Global private equity giants EQT, CVC Capital, and Bain Capital have shown keen interest in the ongoing major stake sale process at Aavas Financiers Ltd (formerly AU Housing Finance Ltd).
As per initial report, the deliberation of complete exit by NBFC's twin promoters, Kedaara Capital and Partners Group, after jointly acquiring the firm over eight years ago. The due diligence for the proposed deal is underway with Jefferies acting as the appointed sell-side advisor.
While a strategic suitor exploring expansion in the financial services sector may have evaluated the opportunity, confirmation on their continued participation remains undisclosed.
Queries directed via email to Kedaara Capital, Aavas Financiers, and CVC Capital remained unanswered at the time of this publication, with...