Latest news with #InfinityFincorp
Economic Times
4 days ago
- Business
- Economic Times
Partners Group to acquire majority stake in Infinity Fincorp for Rs 1,950 crore
ETtech Shrikant Ravalkar, Founder, MD & CEO Infinity. Swiss private equity firm Partners Group will acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-bank lender focused on MSMEs, through an investment of Rs 1,950 crore (around $230 million), the companies said on deal, which includes participation from existing shareholder Jungle Ventures, comprises a primary infusion of Rs 600 crore ($70 million) and a secondary purchase of shares from Indium IV (Mauritius) Holdings and other shareholders. ET first reported on the potential transaction on June 20. 'Infinity Fincorp Solutions, a leading non-bank lender in India, has entered into a share purchase and subscription agreement with Partners Group, whereby Partners Group will acquire a significant majority stake in the company,' said the joint statement issued by the two companies on Fincorp plans to use the fresh capital to expand its branch network, invest in technology, and improve customer onboarding and experience. The investment is subject to regulatory approvals. 'We are dedicated to empowering entrepreneurs and business owners across Tier 3 towns in India through flexible, need-based lending solutions that are designed to create a long-term impact,' said Shrikant Ravalkar, founder, managing director and CEO of Infinity Fincorp. 'We welcome Partners Group and intend on leveraging their operational expertise to further broad base our mission of serving the Indian MSME sector.' Founded in 2017, Infinity Fincorp provides secured loans to micro, small, and medium enterprises, primarily in tier II and tier III cities. The company has more than Rs 1,200 crore ($140 million) in assets under management, around 50,000 customers, and operates over 120 branches across eight states. Its customer base spans sectors such as agriculture, manufacturing, and trading. "The MSME segment contributes a significant share of national GDP, and we expect demand for credit will continue to rise. We believe non-bank lenders such as Infinity have advantages in catering to these enterprises due to their highly specialised operations, which are better suited to providing customised solutions,' said Vageesh Gupta, managing director, private equity, Partners to Tracxn, Infinity Fincorp posted a net profit of Rs 25.72 crore in FY24, on revenue of Rs 143.7 latest funding comes after Infinity Fincorp raised $40 million in an extended Series A round in April that was led by Beams Fintech Fund, with participation from True North, Jungle Ventures, and Archerman Capital. In January, the company had raised $35 million from Jungle Ventures, Archerman Capital, and Magnifico. Partners Group, which manages over $150 billion in assets globally, has previously invested in Indian companies such as Darwinbox, Ecom Express, and Vishal Mega Mart. In April, the firm exited Ecom Express by selling its stake to Delhivery in an all-cash deal worth Rs 1,407 crore, alongside co-investors Warburg Pincus and British International Investment. The firm has deployed $2.5 billion in India to date. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Markets need to see more than profits from Oyo Can Grasim's anti-competition charge against Asian Paints stand amid intense war Engine fuel switches or something else? One month on, still no word on what crashed AI 171 Delhivery survived the Meesho curveball. Can it keep on delivering profits? Stock Radar: Page Industries breaks out from Cup & Handle formation; stock hits fresh 52-week high For risk-takers with ability to stay invested for the long term: 5 small-caps from different sectors with upside potential of 5 to 32% Multibagger or IBC - Part 14: This auto ancillary with double-digit net margins is now getting EV-focused These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts
Mint
4 days ago
- Business
- Mint
Swiss PE firm Partners Group to acquire majority stake in Infinity Fincorp for $230 mn, outbids Advent and Creador
Swiss private equity firm Partners Group is set to acquire a majority stake in shadow lender Infinity Fincorp for ₹ 1,950 crore ($230 million), the companies said on Thursday. The transaction includes a primary capital infusion of ₹ 600 crore ($70 million) and a secondary purchase of shares from existing shareholders, including Indium IV (Mauritius) Holdings, a fund advised by True North. The companies did not disclose the percentage of the stake being acquired. Partners Group clinched the deal after outbidding rival private equity firms Advent International and Creador, both of which had also shown interest in acquiring a controlling stake in Infinity Fincorp. The ₹ 600 crore primary investment will help Infinity expand its branch network, upgrade technology systems, and improve customer onboarding processes. Infinity Fincorp, headquartered in Mumbai, provides secured loans to micro, small, and medium enterprises (MSMEs), particularly in Tier 2 and Tier 3 cities. The company operates over 120 branches across eight states and manages assets worth over ₹ 1,200 crore. This deal marks Partners Group's first step into India's MSME lending segment. Infinity Fincorp serves nearly 50,000 clients in sectors including agriculture, manufacturing, and trade, and has a workforce of over 1,500 employees. The transaction, which is pending approval from the Reserve Bank of India (RBI), will see Partners Group take over from Indium IV as the majority shareholder. Existing investor Jungle Ventures will retain a stake and participate in the new round. Avendus Capital served as the sole financial advisor to Infinity Fincorp and Indium IV for this transaction. Infinity's current leadership team, including its founder and CEO Shrikant Ravalkar, will remain in charge of operations. Established in 2016 as a subsidiary of National Bulk Handling Corporation and initially funded by Indium IV Holdings (a True North-advised fund), Infinity provides secured business loans to MSMEs in underbanked areas. It operates in eight states across western and southern India, with a network of 123 branches and 1,507 employees. The states of Andhra Pradesh, Telangana, and Tamil Nadu account for 75% of its total assets under management (AUM). Infinity primarily extends loans secured by residential or commercial property, targeting small businesses such as traders, retail shops, dairy outlets, kirana stores, and medical or provision stores. Earlier this year, the company raised $40 million in an extended Series A round led by Beams Fintech Fund, with participation from existing investors True North LLP, Jungle Ventures, and Archerman Capital. In January, it had already secured $35 million from Jungle Ventures, Archerman Capital, and Magnifico. Partners Group, which manages $152 billion in global assets, has previously invested in several Indian companies, including HR software provider Darwinbox, logistics startup Ecom Express, and retail chain Vishal Mega Mart. In April, the firm exited its investment in Ecom Express by selling its stake to Delhivery in a cash deal worth ₹ 1,407 crore, alongside co-investors Warburg Pincus and British International Investment. Beyond these, the group has also invested in CSS Corp, an IT services provider, and Aavas Financiers, a housing finance company.
Time of India
4 days ago
- Business
- Time of India
Partners Group to acquire majority stake in Infinity Fincorp for Rs 1,950 crore
The deal, which includes participation from existing shareholder Jungle Ventures, comprises a primary infusion of Rs 600 crore ($70 million) and a secondary purchase of shares from Indium IV (Mauritius) Holdings and other shareholders. Infinity Fincorp plans to use the fresh capital to expand its branch network, invest in technology, and improve customer onboarding and experience. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Swiss private equity firm Partners Group will acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-bank lender focused on MSMEs, through an investment of Rs 1,950 crore (around $230 million), the companies said on deal, which includes participation from existing shareholder Jungle Ventures, comprises a primary infusion of Rs 600 crore ($70 million) and a secondary purchase of shares from Indium IV (Mauritius) Holdings and other shareholders. ET first reported on the potential transaction on June 20.'Infinity Fincorp Solutions, a leading non-bank lender in India, has entered into a share purchase and subscription agreement with Partners Group, whereby Partners Group will acquire a significant majority stake in the company,' said the joint statement issued by the two companies on Fincorp plans to use the fresh capital to expand its branch network, invest in technology, and improve customer onboarding and experience. The investment is subject to regulatory approvals.'We are dedicated to empowering entrepreneurs and business owners across Tier 3 towns in India through flexible, need-based lending solutions that are designed to create a long-term impact,' said Shrikant Ravalkar, founder, managing director and CEO of Infinity Fincorp. 'We welcome Partners Group and intend on leveraging their operational expertise to further broad base our mission of serving the Indian MSME sector.'Founded in 2017, Infinity Fincorp provides secured loans to micro, small, and medium enterprises , primarily in tier II and tier III cities. The company has more than Rs 1,200 crore ($140 million) in assets under management, around 50,000 customers, and operates over 120 branches across eight states. Its customer base spans sectors such as agriculture, manufacturing, and trading."The MSME segment contributes a significant share of national GDP, and we expect demand for credit will continue to rise. We believe non-bank lenders such as Infinity have advantages in catering to these enterprises due to their highly specialised operations, which are better suited to providing customised solutions,' said Vageesh Gupta, managing director, private equity, Partners to Tracxn, Infinity Fincorp posted a net profit of Rs 25.72 crore in FY24, on revenue of Rs 143.7 latest funding comes after Infinity Fincorp raised $40 million in an extended Series A round in April that was led by Beams Fintech Fund, with participation from True North, Jungle Ventures, and Archerman Capital. In January, the company had raised $35 million from Jungle Ventures, Archerman Capital, and Group, which manages over $150 billion in assets globally, has previously invested in Indian companies such as Darwinbox, Ecom Express, and Vishal Mega Mart . In April, the firm exited Ecom Express by selling its stake to Delhivery in an all-cash deal worth Rs 1,407 crore, alongside co-investors Warburg Pincus and British International Investment. The firm has deployed $2.5 billion in India to date.
Entrepreneur
4 days ago
- Business
- Entrepreneur
Partners Group to Acquire Majority Stake in Infinity Fincorp for INR 1,950 Cr
Infinity is expected to deploy the INR 600 crore primary infusion to accelerate branch rollouts, enhance technology platforms, and improve customer onboarding and experience. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a major private equity move, global private markets investment firm Partners Group is set to acquire a significant majority stake in Mumbai-based Infinity Fincorp Solutions for INR 1,950 crore, making it one of the largest NBFC transactions in India this year. The existing shareholder Jungle Ventures also participated in the round. The deal includes a primary capital infusion of INR 600 crore along with a secondary purchase from Indium IV (Mauritius) Holdings Limited, a Fund managed by Global Opportunity Advisors (Mauritius) Limited which is advised by True North Managers LLP and other shareholders. Infinity, a growing NBFC, provides secured loans to small businesses and entrepreneurs across 120+ branches in eight states. The firm boasts assets under management (AUM) of INR 1,200+ crore and serves around 50,000 customers, many from underserved tier II and III towns engaged in agriculture, trade, and manufacturing. "We are dedicated to empowering entrepreneurs and business owners across tier III towns in India," said Shrikant Ravalkar, Founder, MD and CEO of Infinity. "We welcome Partners Group and intend on leveraging their operational expertise to further broad base our mission of serving the Indian MSME sector." According to Vageesh Gupta, Managing Director at Partners Group, "The MSME segment contributes a significant share to India's GDP. We believe non-bank lenders like Infinity are best positioned to serve these businesses through specialised, localised lending models." Infinity is expected to deploy the INR 600 crore primary infusion to accelerate branch rollouts, enhance technology platforms, and improve customer onboarding and experience. The transaction is subject to regulatory approval from the Reserve Bank of India (RBI). Nitin Nayak, board nominee of Indium IV, added, "Infinity has scaled up remarkably within a few years, demonstrating strong credit quality and profitability. The management team's understanding of MSME credit needs is exceptional." Murali Krishnan Nair, Partner at Partners Group, highlighted the firm's prior success with Aavas Financiers and stated, "We bring both capital and operational experience. Infinity's employee-centric culture and market understanding give us a strong platform for the next phase of growth." Arpit Beri of Jungle Ventures said, "Infinity is scaling rapidly with discipline and innovation. We are excited to continue our partnership." Sagar Agrawal, Managing Partner at Beams Fintech Fund, noted, "This transaction validates Infinity's business model and its consistent performance in the Micro-LAP segment." Avendus Capital acted as the exclusive financial advisor to Infinity and Indium IV on the deal. This acquisition marks Partners Group's strategic entry into India's high-growth NBFC landscape, a sector gaining momentum with the government's push for MSME credit, digitalisation, and financial inclusion.
