Edelweiss Financial Services advised on the stake sale in Electronica Finance Ltd (EFL), the India-based NBFC, to Encourage Capital, the US-based private equity fund providing growth-capital to companies in emerging markets.
About EFL
Electronica Finance Ltd is a non-banking financial institution based in India offering business loans, working capital loans, loan against property, bill discounting, institutional lending and emerging enterprise loans.
About Encourage Capital
Encourage Capital (erstwhile Wolfensohn Capital Partners) is a USA-based private equity fund providing growth-capital to companies in emerging markets. It adopts a sector-agnostic approach in its investment strategy.