Key Transactions

OTPP

M&A

USD 100 mn

FY24

Acquisition of 34% stake in SEIT InvIT

Acquisition of 34% stake in SEIT InvIT as a Co-Sponsor

Acquisition of 34% stake in SEIT InvIT

Acquisition of 34% stake in SEIT InvIT as a Co-Sponsor

OTPP-1

M&A

NA

FY24

Acquistion of minority stake in Teqo

Acquisition of minority stake in Teqo – Mahindra Group’s renewable O&M platform

Acquistion of minority stake in Teqo

Acquisition of minority stake in Teqo – Mahindra Group’s renewable O&M platform

Sanoti Properties LLP

M&A

INR 6.8 bn

FY24

Stake enhancement by Poonawalla Group in Magma HDI through acquisition of HDI's stake and primary infusion

Ambit acted as the exclusive financial advisor to Poonawalla Group on enhancement of its stake in Magma HDI General Insurance Company Limited (“Magma HDI”) via a primary and secondary transaction through Sanoti Properties LLP (“Sanoti”).
Sanoti infused INR 4.6 Bn along with providing HDI an exit for INR 2.2 Bn resulting in a total stake of 74%+ in Magma HDI, post the transaction

Stake enhancement by Poonawalla Group in Magma HDI through acquisition of HDI's stake and primary infusion

Ambit acted as the exclusive financial advisor to Poonawalla Group on enhancement of its stake in Magma HDI General Insurance Company Limited (“Magma HDI”) via a primary and secondary transaction through Sanoti Properties LLP (“Sanoti”).
Sanoti infused INR 4.6 Bn along with providing HDI an exit for INR 2.2 Bn resulting in a total stake of 74%+ in Magma HDI, post the transaction

AU Small Finance Bank

M&A

NA

FY24

Advised AU SFB on its merger with Fincare SFB

Ambit acted as the exclusive financial advisor to AU Small Finance Bank on its merger with Fincare Small Finance Bank through a share swap agreement marking the first ever consolidation transaction as well as the largest announced deal in the small finance bank space.

Advised AU SFB on its merger with Fincare SFB

Ambit acted as the exclusive financial advisor to AU Small Finance Bank on its merger with Fincare Small Finance Bank through a share swap agreement marking the first ever consolidation transaction as well as the largest announced deal in the small finance bank space.

Wiz Freight

Capital Raise

USD 15 mn

FY24

Exclusive advisor to Wiz Freight on its Series B fund raise

Ambit acted as the exclusive financial advisor to Wiz Freight on its Series B fund raise of $15 Mn led by Japan-based SBI Investments. The round also saw participation from NIPPON EXPRESS HOLDINGS, and existing investors Tiger Global, Axilor Technologies Fund, Arali Investments, Foundamental, and HNIs as well.

Exclusive advisor to Wiz Freight on its Series B fund raise

Ambit acted as the exclusive financial advisor to Wiz Freight on its Series B fund raise of $15 Mn led by Japan-based SBI Investments. The round also saw participation from NIPPON EXPRESS HOLDINGS, and existing investors Tiger Global, Axilor Technologies Fund, Arali Investments, Foundamental, and HNIs as well.

Nexon Omniverse Limited

Capital Raise

USD 25 mn

FY24

Advisor to Nexon Omniverse  on its fund raise from Prominent Family Offices

Ambit acted as the Financial Advisor to Nexon Omniverse on its fund raise of ₹ 195 Cr from Prominent Family Offices

Advisor to Nexon Omniverse  on its fund raise from Prominent Family Offices

Ambit acted as the Financial Advisor to Nexon Omniverse on its fund raise of ₹ 195 Cr from Prominent Family Offices

Ceva Logistics

M&A

NA

FY24

Advisor to Ceva Logistics on its acquisition of Stellar Value Chain

Ambit acted as the exclusive M&A advisor to CEVA Logistics on its acquisition of majority shareholding in Stellar Value Chain Solutions Private Limited from its current shareholders Warburg Pincus and Mr. Anshuman Singh

Advisor to Ceva Logistics on its acquisition of Stellar Value Chain

Ambit acted as the exclusive M&A advisor to CEVA Logistics on its acquisition of majority shareholding in Stellar Value Chain Solutions Private Limited from its current shareholders Warburg Pincus and Mr. Anshuman Singh

Aequs Infra

Capital Raise

NA

FY24

Credit fund raise for Aequs Infra

Ambit acted as the exclusive financial advisor to Aequs Infra for credit raise from Piramal Structured Credit Opportunity Fund

Credit fund raise for Aequs Infra

Ambit acted as the exclusive financial advisor to Aequs Infra for credit raise from Piramal Structured Credit Opportunity Fund

Aequs Pvt. Ltd.

Capital Raise

USD 54 mn

FY24

Equity fund-raise in Aequs Pvt. Ltd. for new ATP vertical

Ambit acted as the exclusive financial advisor to Aequs Pvt. Ltd. on its growth capital raise led by Amansa Capital. The round also saw participation from Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group LLC (the investment office of Desh Deshpande), Amicus Capital (through its affiliates), amongst others.

Equity fund-raise in Aequs Pvt. Ltd. for new ATP vertical

Ambit acted as the exclusive financial advisor to Aequs Pvt. Ltd. on its growth capital raise led by Amansa Capital. The round also saw participation from Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group LLC (the investment office of Desh Deshpande), Amicus Capital (through its affiliates), amongst others.