Acquisition History / Rising Sun Holdings Private Limited / Magma Fincorp Limited

Rising Sun Holdings Private Limited Acquires Magma Fincorp Limited

Announced January 2021 — $390.5M

Rising Sun Holdings Private LimitedNon-bank financial services2021

What happened

NBFC, renamed Poonawalla Fincorp Acquired through Rising Sun Holdings Private Limited, a vehicle of Adar Poonawalla; Rising Sun group. Source: https://www.cci.gov.in/images/summaryorders/en/1652242837.pdf

Acquirer
Rising Sun Holdings Private Limited
Target
Magma Fincorp Limited
Announced
January 2021
Price
$390.5M
Industry
Non-bank financial services
Buyer type
Holding company
Fund vehicle
Rising Sun Holdings Private Limited
Backing investors
Adar Poonawalla, Rising Sun group
Status
Closed

By the numbers

Rising Sun Holdings Private Limited's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Rising Sun Holdings Private Limited deals
Rising Sun Holdings Private Limited's average disclosed price
$390.5M
Rising Sun Holdings Private Limited's largest disclosed deal
Magma Fincorp Limited ($390.5M)
Tracked acquisitions in 2021
98 across all acquirers
Rising Sun Holdings Private Limited in Non-bank financial services
1 acquisition

Frequently Asked Questions About This Acquisition

When did Rising Sun Holdings Private Limited acquire Magma Fincorp Limited?

Rising Sun Holdings Private Limited acquired Magma Fincorp Limited on January 2021. This was Rising Sun Holdings Private Limited's 1st publicly tracked acquisition out of 1 we have on record.

How much did Rising Sun Holdings Private Limited pay for Magma Fincorp Limited?

Rising Sun Holdings Private Limited paid $390.5M for Magma Fincorp Limited.

What does Magma Fincorp Limited do?

NBFC, renamed Poonawalla Fincorp Acquired through Rising Sun Holdings Private Limited, a vehicle of Adar Poonawalla; Rising Sun group. Source: https://www.cci.gov.in/images/summaryorders/en/1652242837.pdf

What other Non-bank financial services companies has Rising Sun Holdings Private Limited acquired?

Magma Fincorp Limited is Rising Sun Holdings Private Limited's only publicly tracked acquisition in Non-bank financial services so far.

Read the full article →

More Non-bank financial services acquisitions