Blackstone to Acquire Controlling Stake in Aadhar Housing Finance Limited in India
02.12.19
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The Firm is representing Blackstone in its acquisition of a controlling stake in Aadhar Housing Finance Limited (“Aadhar”). As part of the transaction, Blackstone will acquire the entire equity stake in Aadhar held by the existing controlling shareholders and simultaneously infuse INR 8 billion (approximately US$112 million) in primary equity capital into Aadhar to fund future growth. Aadhar is the largest independent affordable housing finance company in India, with a network of 316 branches across 19 states and approximately INR 100 billion (approximately US$1.4 billion) in assets under management. The transaction is subject to customary closing conditions.
The Simpson Thacher team for the transaction includes Katie Sudol, Ian Ho, Sandra Kister and Matthew Leung (M&A); and Meredith Jones and William Smolinski (Tax).