AZB & Partners, Trilegal, Argus Partners Lead The High Profile NBFC Deal
Advised OAKS Asset Management, an existing shareholder of Incred Financial Services (the retail and MSME lending business of InCred), in a recently concluded deal wherein, InCred Financial Services will merge its non-banking lending business with KKR India Financial Services (“KIFS”).
A consortium consisting of the Incred Founder, Bhupinder Singh, as well as existing InCred investors, will own a majority stake post the merger. A consortium led by KKR and comprising existing investors in KIFS will retain a significant minority stake. KKR will be the single largest investor at the time of the transaction’s close and will remain a long-term strategic partner to the business. InCred’s equity investors include former Deutsche Bank co-CEO Anshu Jain, Ranjan Pai of Manipal Group, OAKS Asset Management, Investcorp, FMO, Moore Capital and Elevar.
This will be a strategic investment for KKR and will not be a portfolio company in a KKR fund. It will operate independently of KKR.
Our Team was led by Gaurav Singhi, Partner and Tushnika Dayal, Senior Associate. Incred Financial Services and the promoter group was advised by Trilegal. AZB & Partners acted on behalf of KKR.
7A, 7th Floor, Tower C, Max House,
Okhla Industrial Area, Phase 3,
New Delhi – 110020
The rules of the Bar Council of India do not permit advocates to solicit work or advertise in any manner. This website has been created only for informational purposes and is not intended to constitute solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work in any manner. By clicking on 'Agree' below, you acknowledge and confirm the following:
a) there has been no solicitation, invitation, advertisement or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
b) you are desirous of obtaining further information about us on your own accord and for your use;
c) no information or material provided on this website is to be construed as a legal opinion and use of this website will not create any lawyer-client relationship;
d) while reasonable care has been taken in ensuring the accuracy of the contents of the website, Argus Partners shall not be responsible for the results of any actions taken on the basis of information provided in this website or for any error or omission in the website; and
e) in cases where the user has any legal issues, the user must seek independent legal advice.