April 8, 2022
Shardul Amarchand Mangaldas & Co. advised Norwest Capital, LLC in relation to its Series D investment in Finova Capital Private Limited. The deal is valued at approximately USD 66 million.
The transaction team was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Manita Doshi, Partner; Pooja Thomas, Senior Associate; Pracheta Redhu, Senior Associate; Meghna De, Associate; Paavani Gupta, Associate; Kaainat Pundir, Associate.
The diligence team was led by Pooja Thomas, Senior Associate; Shraddha Desai, Associate; Ujval Mohan, Associate; Paavani Gupta, Associate; Prerna Saroha, Associate; Kanika Mittal, Associate; and Kaainat Pundir, Associate.
Zubin Mehta, Partner; Aditi Tomar, Associate; and Jasraj Singh Narula, Associate, advised on the regulatory aspects.
Vertices Partners advised Finova Capital Private Limited and its Promoters (Mohit Sahney & Sunita Sahney). L&L Partners and Khaitan & Co advised SCI Investments V & SCI Growth Investments III and Maj Invest Financial Inclusion Fund III K/S, respectively.
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