About Fedbank Financial Services:
Fedbanj is an India-based non-banking financial company engaged in providing loans to individual and corporate borrowers. As on 31 Dec 2017, FedFina had 123 branches, mainly in Karnataka, Andhra Pradesh, Telangana and Tamil Nadu.
About TrueNorth:
TrueNorth is an India-based private equity and venture capital firm that invest between USD 25m to USD 100m in its portfolio companies. It invests in companies engaged in the consumer and media, infrastructure, financial and healthcare sectors.
The transaction would help FedFina augment its capital base primarily to support its growing asset business and to grow its branch network which would further improve the company’s financial fundamentals by strengthening its capital adequacy and diversifying its funding sources.
MidCap Alliance Indian partner Edelweiss Financial Services advised TrueNorth on their investment in a leading Indian NBFC Fedbank Financial Services.
Edelweiss Financial Services
Advised in the sale of
NBFC Fedbank Financial Services
to