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    Home»Mergers & Acquisitions»Bain Capital to acquire 25% stake in IIFL Wealth; General Atlantic, Fairfax part exit
    Mergers & Acquisitions

    Bain Capital to acquire 25% stake in IIFL Wealth; General Atlantic, Fairfax part exit

    April 1, 2022Updated:April 1, 20221 Min Read
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    Bain Capital, global private equity firm, today announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management Limited for Rs 3,680 crore ($485.6 million). 

    Existing investors General Atlantic and Fairfax India Holdings Corporation will make partial exit from IIFL Wealth, part of the homegrown financial services firm IIFL Group.

    Mumbai-based IIFL Wealth Management is among the leading wealth and alternative asset managers in India with ~$44 billion (around Rs 3.3 trillion) in assets (as on December 31, 2021). 

    Read more: VCCircle

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    deals and transactions Mergers and acquisitions PE Insider Private Equity
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