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July 18, 2017

Shriram-IDFC deal to give investors exit option: Business Standard

A Business Standard article quotes Venture Intelligence data on Private Equity investments and exits in Shriram Group, which is in talks with IDFC for a potential merger.
"The group firms have attracted an investment of $1.08 billion infused by 17 PE players over a period of 12 to 15 years. This is excluding the strategic investments, including Piramal and Sanlam, and debt investments.
According to Venture Intelligence data, Shriram City Union Finance raised $550 million from a number of PE players including Norwest, ChrysCapital, Merrill Lynch, CPIM Funds, ICICI Venture, Bessemer, and Apax Partners.
According to Venture Intelligence data, there were 17 exits — both complete and partial — from SCUF between June 2008 and July 2016. These have brought back a return multiple ranging from 1.91x for ICICI Venture to 4.97x for Norwest Venture Partners. STFC has seen a complete exit of TPG Capital for a return multiple of 6.05x in May 2013 and three partial exits by ChrysCapital and TPG Capital before this. ChrysCapital has seen the highest return multiple in two partial exits, compared to the other exits across the group, at 10.7x and 8.78x."

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.