General Atlantic $173 million acquisition of 21.61% stake in IIFL Wealth Management

24/10/2015

Private acquisition

Value:

$ 173 million

Status:

Completed

Date:

24/10/2015

Overview:

General Atlantic has acquired a 21.61% stake in IIFL Wealth Management for $173 million.
IIFL is a wealth management company and a subsidiary of IIFL Holdings.
This is the first private equity investment in India's wealth management sector.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

India

Industry sector:

Investment management

Firms:

Bharucha & Partners

Party: General Atlantic (Acquirer)

Lawyer: Vandana Pai

Khaitan & Co

Party: IIFL (Target)

Lawyers: Aakash Choubey, Arindam Ghosh, Haigreve Khaitan

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