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Rajaram acts for Five Star in $50m TPG investment with AZB for near-billion USD valuation

Non-banking finance company Five Star Business Finance has raised $50 million in a new funding round led by private equity major TPG Capital, valuing the Chennai-based lender at $950 million. The company, which was founded back in 1984, has been on a strong growth trajectory since 2014, creating a book size of Rs 2,500 crore this year and aims to take it up to Rs 4,000 crore by March 2020.

The Economic Times

Rajaram Legal advised Five Star Business Finance Limited led by a team of partner Archana Rajaram and senior associate Aakanksha Pagnis.

AZB & Partners acted for TPG.

In 2018, Shardul Amarchand Mangaldas (for Norwest Venture Partners) and AZB (for TPG) had acted on Five Star's $100m round.


Deal value: USD 50 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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