Deal Alert: Avendus Capital advises MAS Financial Services Ltd on raising growth capital from DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH
From the Press Release:
MAS Financial, a leading retail non-banking financial company (NBFC) in Gujarat, has raised
growth capital from DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH. With
over two decades of experience in doorstep financing, MAS caters to the specialised financial
needs of MSME’s. It also provides loans for financing two wheelers, CVs and affordable
housing.
Commenting on the transaction Mr. Mukesh Gandhi, Promoter and Director Finance MAS
Financial said, “Our in depth understanding of the local needs and repayment capabilities
along with a robust network spread across six states, has helped us grow a sound portfolio.
We are happy that DEG was able to see immense value in our business model and will work
with us towards creating a national footprint.”
Mr. Kaushal Aggarwal, Managing Director at Avendus Capital said, “NBFCs focusing on
retail-MSME lending are one of the fastest growing sectors in the Indian financial services
industry. MAS Financial is a leading NBFC in Gujarat and is expanding into other logical
commercial hubs across India. With a sound business model, prudent capital raising, robust
risk management strategy and flawless execution, it has all the constituents required to
create a leadership position in the NBFC segment.”
Avendus Capital was the exclusive financial advisor to MAS Financial Services Ltd
for this transaction.
About MAS Financial Services Ltd.
MAS Financial is a leading retail Non Banking Finance company with presence across
Gujarat, Maharashtra and Rajasthan, focusing on micro enterprises/MSME loans, two
wheelers loans, commercial vehicle and affordable housing finance.
For more information, please visit http://www.mas.co.in
About DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH
DEG, a subsidiary of KfW and one of Europe's largest development finance institutions,
finances investments of private companies in developing and transition countries. DEG has
been committed to private-sector investments in India since 1964. Drawing upon its many
years of experience in India as well as in other developing countries, it provides valuable
assistance to companies in realizing their investment projects. DEG invests in companies
across the sectors that contribute to sustainable development of the economy. DEG’s India
portfolio currently stands at over EUR 500 million spread across about 50 companies.
DEG’s deal contact:
Amit Goyal - amit.goyal@degindia.com
For more information, please visit http://www.deginvest.de
About Avendus Capital
Avendus Capital is a leading financial services firm which provides customised solutions in
the areas of financial advisory, equity capital markets and wealth management. The firm
relies on its extensive track record, in-depth domain understanding and knowledge of the
economic and regulatory environment, to offer research based solutions to its clients that
include institutional investors, corporates and high net worth families. In recent years,
Avendus Capital has consistently been ranked among the top-five corporate finance advisors
in India and has emerged as the advisor of choice for cross-border M&A deals and has
closed 40 cross-border transactions in the past 4 years. Avendus Securities through its
Institutional Equities practice is able to offer best-in-class research-driven advice to help its
clients take investment decisions, while Avendus PE Investment Advisors manages funds
raised from its investors by investing in public markets and private equity. Headquartered in
Mumbai, the firm has offices in New Delhi and Bangalore. Avendus Capital, Inc (US) and
Avendus Capital (UK) Pvt. Ltd. located in New York and London respectively are wholly
owned subsidiaries offering M&A and Private Equity syndication services to clients in the
respective regions.
For more information, please visit www.avendus.com