Acquisition History / CVC Capital Partners / Aavas Financiers
CVC Capital Partners Acquires Aavas Financiers
Announced August 10, 2024 — $801.1M
What happened
CVC Capital Partners agreed to acquire a 26.47% stake in listed affordable-housing lender Aavas Financiers from Kedaara Capital and Partners Group for about Rs 3,400 crore, plus an open offer for a further 26%, taking the total to Rs 7,089 crore for 52.47%. It gives CVC control of one of India's largest affordable-housing finance companies.
- Acquirer
- CVC Capital Partners
- Target
- Aavas Financiers
- Announced
- August 10, 2024
- Price
- $801.1M
- Industry
- Affordable housing finance
- Buyer type
- Private equity
- Fund vehicle
- CVC Capital Partners Asia VI
- Backing investors
- CVC Capital Partners
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did CVC Capital Partners acquire Aavas Financiers?
CVC Capital Partners acquired Aavas Financiers on August 10, 2024. This was CVC Capital Partners's 1st publicly tracked acquisition out of 1 we have on record.
How much did CVC Capital Partners pay for Aavas Financiers?
CVC Capital Partners paid $801.1M for Aavas Financiers.
What does Aavas Financiers do?
CVC Capital Partners agreed to acquire a 26.47% stake in listed affordable-housing lender Aavas Financiers from Kedaara Capital and Partners Group for about Rs 3,400 crore, plus an open offer for a further 26%, taking the total to Rs 7,089 crore for 52.47%. It gives CVC control of one of India's largest affordable-housing finance companies.
What other Affordable housing finance companies has CVC Capital Partners acquired?
Aavas Financiers is CVC Capital Partners's only publicly tracked acquisition in Affordable housing finance so far.
More Affordable housing finance acquisitions
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Warburg Pincus acquires Shriram Housing Finance Ltd
$523.2M · 2024