SNG & Partners guided MSME-focused data-tech lending platform UGRO Capital on its INR 1,400 crore acquisition of Profectus Capital from UK-based private equity firm Actis, which was advised by Cyril Amarchand Mangaldas. CAM also advised the target, Profectus Capital on the deal.
UGRO acquired Profectus from Actis PC (Mauritius) and Actis Investment (Mauritius) in an all-cash deal, mobilising proceeds from UGRO’s recent equity raise.
“This strategically priced acquisition deploys our equity raise to achieve instant scale and INR 115 Crores cost savings and annualized incremental profitability of INR 150 Crores thus boosting ROA by 0.6–0.7 percent. Integrating Profectus’ school finance expertise unlocks INR 2,000 Crores growth potential and strengthens our secured asset mix – accelerating our journey to become India’s largest MSME lender through enhanced emerging markets and embedded finance capabilities,” Shachindra Nath, founder and managing director of UGRO Capital, said in a statement.
The CAM team advising Actis was led by partner Ratnadeep Roychowdhury, with the support from principal associate Anirud Sudarsan R, and associates Chandrendu Chattopadhyay and Shaunak Choudhury.
The CAM team advising Profectus comprised partner Anshu Choudhary, consultant Suraj Soni, senior associate Mahin Rai, and associates Nisha Nahata, Pramit Pandey, and Jyotiranjan Mallick.
