Deal Corner -
Sandstone Investment Partners I and ICP Holdings I, and Kismet SKS II have made an aggregate investment of US $75 million in SKS Microfinance Private Limited
World's Largest Investment in Micro-finance
Sandstone Investment Partners I ("Sandstone"), ICP Holdings I (part of the Silicon Valley Bank group) ("ICP"), and Kismet SKS II have made an aggregate investment of US $75 million (approximately INR 3.66 Billion) in SKS Microfinance Private Limited ("SKS"). This financing round was led by Sandstone, an India focused fund.
The investment into SKS has been quoted to be the largest private equity investment in the microfinance sector in the world.
We, at Nishith Desai Associates, acted as legal counsel for Sandstone as well as ICP in this transaction.
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