Norwest Venture Partners has acquired 17.78% stake in Ummeed Housing Finance consisting of a combination of primary investment and secondary acquisition.
Shardul Amarchand Mangaldas & Co. advised Norwest Venture Partners.
The transaction team was led by Partners Puja Sondhi and Nivedita Tiwari, Nandini Seth (Principal Associate), Shambhawi Mishra (Senior Associate) and Meghna De (Associate).
The due diligence team was led by Kanishk (Partner); Sumant Prashant (Principal Associate), Pooja Thomas (Senior Associate) and Associates Anshul Chhirang, Gayathri Subramaniam, Kanika Mittal and Simant Satapathy.
The closing team was led by Aakanksha Dalal (Senior Associate) and Associates Meghna De and Paavani Gupta.
Lok Capital Growth Fund, one of the sellers, was advised by Amit Khansaheb, Partner.
AZB & Partners advised Ummeed Housing Finance Pvt Ltd.
Trilegal advised HPEA Kabru Holding B.V
Antares Legal acted for Duane Park Private Limited.