Trilegal along with AZB & Partners advised on Carlyle Group’s acquisition of a majority stake in Nido Home Finance for ~INR 2,100 crores.
The investment will support Nido’s continued growth in the affordable housing and mass-market segments, enabling product innovation, expansion of distribution channels, and strengthening of its market position in India’s housing finance sector.
The investment comprised a combination of a secondary purchase of equity shares from existing shareholders — Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited — and a primary subscription to equity shares and warrants of Nido. The transaction values Nido at approximately INR 2,100 crores.
Trilegal advised CA Sardo Investments, an affiliate of The Carlyle Group (NASDAQ: CG), on its acquisition of a strategic majority stake of approximately 73% in Nido Home Finance Limited (“Nido”), alongside the family office of Aditya Puri, former MD & CEO of HDFC Bank.
The Trilegal transaction team was led by Partners Abhishek Guha, Tanya U., and Mahesh Wasadikar, supported by Senior Associates Yash Modi and Shreya Gokhale, and Associates Vishakha Dube and Vijay Kumar Chawla. The competition team was led by Partner Gauri Chhabra and included Counsel Gargi Yadav, Senior Associate Eesha Sheth, and Associates Bhabya Mahapatra, Shreya Chaudhary, and Shobhit Shukla. The banking team was led by Partner Ameya Khandge, with Counsel Nikhil Khurana, Neeraj Nainani, and Associate Pracheta Dwivedi. The compliance/regulatory team was led by Partners Anuj Berry and Shruti Rajan, Risk & Compliance Lead Nishith Mehta, Director Rohtash Singh, and Associates Anoushka Singh and Deepanshu Agarwal. The intellectual property team was led by Partner Kirti Balasubramanian, supported by Associate Hitarth Parikh. The TMT team advising on the transaction was led by Partner Jishnu Sanyal, with Senior Associate Janak Pradhan and Associates Bevan Pinto and Amala Govindarajan.
AZB & Partners advised Nido Home Finance and the Edelweiss Group on the transaction.
The core deal team comprised Senior Partners Ashwath Rau and Vipul Jain, Partner A. Robin Singh, Senior Associates Aditi Shukla, Saras Muzumdar and Abhimanyu Singh Rathore.
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