Partners Group has agreed to acquire a significant majority stake in Infinity Fincorp Solutions, a leading non-bank lender in India.
The investment of INR 19.5bn (around $230m) in Infinity was led by Partners Group, with participation from some existing shareholders.
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The investment includes a primary issuance of INR 6bn, along with a secondary purchase from Indium IV (Mauritius) Holdings Limited.
Headquartered in Mumbai, Infinity serves unbanked and under-banked communities across India, enabling small businesses and entrepreneurs to unlock their growth potential.
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It operates in the MSME segment in the country, which is benefitting from thematic tailwinds including strong economic growth nationally, as well as growing government support.
“We are dedicated to empowering entrepreneurs and business owners across tier three towns in India through flexible, need-based lending solutions that are designed to create long-term impact,” said Shrikant Ravalkar, chief executive of Infinity.
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“The MSME segment contributes a significant share of national GDP and we expect demand for credit will continue to rise,” added Vageesh Gupta, managing director, private equity at Partners Group.
