Deal Corner
May 02, 2017
True North acquires controlling stake in Home First Finance Company for USD 100 million

DEAL BRIEF

True North (previously known as India Value Fund) has acquired a controlling stake in Home First Finance Company Private Limited (“HFFC”), a housing finance company headquartered in Mumbai engaged in providing affordable housing loans to low and middle income groups. The acquisition valuing about USD 100 million was achieved by way of a secondary sale from a few of the existing shareholders and a fresh issuance of shares. Bessemer Venture Partners (“BVP”), one of the earlier investors in HFFC continued as a shareholder in HFFC.

OUR ROLE

We, at Nishith Desai Associates, acted as the counsel to BVP and advised them on the tax and legal aspects of the transaction including negotiations and deal documentation

Disclaimer

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Deal Corner

May 02, 2017

True North acquires controlling stake in Home First Finance Company for USD 100 million

DEAL BRIEF

True North (previously known as India Value Fund) has acquired a controlling stake in Home First Finance Company Private Limited (“HFFC”), a housing finance company headquartered in Mumbai engaged in providing affordable housing loans to low and middle income groups. The acquisition valuing about USD 100 million was achieved by way of a secondary sale from a few of the existing shareholders and a fresh issuance of shares. Bessemer Venture Partners (“BVP”), one of the earlier investors in HFFC continued as a shareholder in HFFC.

OUR ROLE

We, at Nishith Desai Associates, acted as the counsel to BVP and advised them on the tax and legal aspects of the transaction including negotiations and deal documentation

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.