Apax Partners is investing in the Indian financial services sector by picking up 20 per cent stake in Shriram City Union Finance (SCUF), the retail-lending arm of Shriram Group. Apax will buy the stake from TPG Capital..Khaitan & Co advised Apax Partners with a team led by Corporate Partners Haigreve Khaitan and Aakash Choubey along with Associate Partners Anuj Sah and Mayank Singh. Banking and Finance Partner Kumar Saurabh Singh and Tax Partner Bijal Ajinkya along with Associate Partner Abhay Sharma also advised on the deal..AZB & Partners acted for TPG with a team led by Partners Shuva Mandal and Bhavi Sanghvi..Kirkland & Ellis acted as International legal counsel for Apax while Cleary Gottlieb acted for TPG..The Kirkland team was led by Partners Srinivas Kaushik and Soszynski Joshua and the Cleary team was led by Partner Michael J. Preston along with Associate Priya Chaudhuri..TPG will make a bumper exit with returns of close to 4.5 times and the deal value could be higher at around Rs, 2,400-2,500 crore, reports ET.
Apax Partners is investing in the Indian financial services sector by picking up 20 per cent stake in Shriram City Union Finance (SCUF), the retail-lending arm of Shriram Group. Apax will buy the stake from TPG Capital..Khaitan & Co advised Apax Partners with a team led by Corporate Partners Haigreve Khaitan and Aakash Choubey along with Associate Partners Anuj Sah and Mayank Singh. Banking and Finance Partner Kumar Saurabh Singh and Tax Partner Bijal Ajinkya along with Associate Partner Abhay Sharma also advised on the deal..AZB & Partners acted for TPG with a team led by Partners Shuva Mandal and Bhavi Sanghvi..Kirkland & Ellis acted as International legal counsel for Apax while Cleary Gottlieb acted for TPG..The Kirkland team was led by Partners Srinivas Kaushik and Soszynski Joshua and the Cleary team was led by Partner Michael J. Preston along with Associate Priya Chaudhuri..TPG will make a bumper exit with returns of close to 4.5 times and the deal value could be higher at around Rs, 2,400-2,500 crore, reports ET.