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Mubadala Backs Avanse Financial Services

Mubadala is investing in Avanse Financial Services Ltd. (Avanse). Avanse is a non-bank student lending company out of India. Mubadala led this round of funding through its affiliate Alpha Investment Company LLC with participation from Avendus PE Investment Advisors Private Limited via its fund Avendus Future Leaders Fund II. The funds will enable Avanse to…

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Mubadala invests in Avanse Financial Services to make more academic dreams a reality in India

Mubadala Investment Company (“Mubadala”), the Abu Dhabi based investment company announced today that it is investing in Avanse Financial Services Ltd. (Avanse), India’s new age, technologically advanced, education-focused non-banking financial company (N

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Mubadala Invests In Avanse Financial Services To Support Academic Dreams In India #AbuDhabi

Mubadala Invests In Avanse Financial Services To Support Academic Dreams In India, News, Abu Dhabi City Guide

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Share Market Highlights 16 October 2023: Sensex sheds 115 pts, Nifty closes below 19,750; Hero MotoCorp, JSW Steel major gainers

Share Market Highlights 16 October 2023: Sensex sheds 115 pts, Nifty closes below 19,750; Hero MotoCorp, JSW Steel major gainers
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Blackstone, ADIA are likely bidders for HDFC's Credila

Abu Dhabi Investment Authority (ADIA), Singapore’s GIC, Blackstone, BPEA EQT (formerly Baring Private Equity Asia), and Warburg Pincus are some of the suitors that have expressed interest

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BSE : Update Regarding debt securities of Avanse Financial Services Ltd

NOTICES

Notice No.

20230329-8

Notice Date
... | March 29, 2023

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Avanse Financial Services raised primary capital of Rs 800 Cr. from Kedaara Capital

Mumbai (Maharashtra) [India], January 19 (ANI/PRNewswire): Avanse Financial Services Ltd. (Avanse), India's new age, technologically advanced, education-focused non-banking financial company (NBFC), today announced that Kedaara Capital, a leading private equity firm, will infuse Rs 800 Cr. in Avanse to fund its strong secular growth. The fund-raise will be deployed to expand its presence and outreach to a larger number of deserving Indian students enabling them to fulfill academic aspirations and towards greater development of the Indian education ecosystem. Warburg Pincus continues to be the majority shareholder in Avanse. Avanse has been on a strong growth trajectory, playing a transformational role in the education financing segment. The company's AUM stands at ~Rs 8,000 Cr. as of December 2022, reporting a 1.9x growth over the same period last fiscal. During 9MFY2023, Avanse witnessed the highest-ever growth in its loan disbursement of ~Rs 4,850 Cr., delivering ~2.5x growth over the same period last fiscal. As a student-centric organisation, Avanse has fulfilled the educational dreams of over ~3 lakh academic aspirants across 3,000+ institutes and 25,000+ courses in over 50 countries. The company also provided growth and working capital to 1000+ educational institutes catering to over ~5-6 lakh students. Amit Gainda, Managing Director & CEO, Avanse Financial Services, said, "While Warburg Pincus & IFC continue to be supportive partners in our journey, we are now delighted to have Kedaara Capital on board. Avanse is at an exciting phase of growth as we continue to fulfil our mission of providing education financing to students passionate about accessing high-quality education. As the world recovered post the pandemic, we witnessed a significant resurgence of students seeking higher education at international locations. We have responded with agility, leveraging technology to develop customised financing solutions to address unique student demands. The growth capital will enable us to strengthen our brand proposition, integrate digital solutions and innovate to build more depth into our product range as we work towards delivering greater stakeholder value." Narendra Ostawal, Managing Director, Warburg Pincus & Non-Executive Director, Avanse Board, said, "Avanse has remained true to its commitment of fulfilling the right to quality education. The team led by Amit has delivered commendable performance over the last three years as India navigated through the pandemic. The Indian education finance segment is witnessing strong secular growth, and we look forward to providing continued support to Amit and his team towards achieving their goal of democratising education and education financing." Commenting on the investment, Sunish Sharma, Managing Partner and Co-CEO, Kedaara Capital said, "Kedaara is very excited to partner with Amit and the management team and support Avanse's continued evolution. We look forward to using our operational expertise and experience in the financial services space to help them realise their long-term vision." Kartikeya Kaji, Managing Director, Kedaara Capital added, "The fresh primary infusion will significantly improve the company's capitalisation, providing a strong base for future growth." Avendus Capital acted as the exclusive financial advisor for the transaction, and AZB & Partners represented the Company, and Warburg Pincus as legal counsel. Khaitan & Co. acted as legal counsel to Kedaara Capital. About Avanse Financial Services Avanse Financial Services Limited is a new-age, technologically advanced, education-focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian student. The company provides loans across the following segments: - Student Loans: Financing solutions designed to cater to the entire education lifecycle of students. - Loan for Higher Education in India and abroad - Student Loan Refinancing - Loans for Professionals: Financing solutions for professionals to meet the need of the hour and to be future-ready - Skill Enhancement Loans - Executive Education Loans - Institution Loans: Loans for financing working and growth capital needs of educational institutes in India - Loan for Education Institutions - Social Infrastructure Loans For more information, please visit www.avanse.com. For organisation updates, follow us at https://www.linkedin.com/company/avanse-financial-services?originalSubdomain=in Warburg Pincus LLC is a leading global growth investor. The firm has more than USD 85 billion in assets under management. The firm's active portfolio of more than 260 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than USD 108 billion in over 1,055 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, Sao Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. For more information, please visit www.warburgpincus.com. Follow on LinkedIn. Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently advises/manages over ~USD 3.6 billion through investments in several market leading businesses across a variety of sectors including consumer, financial services, pharma/healthcare, technology/business services and industrials. Kedaara's operating partner model comprising former CEOs with proven track records of building market-leading businesses enabling them to realise their full potential. Since its inception, Kedaara has remained singularly dedicated to its stated strategy of focusing on investments built through trust-based relationships with best-in-class entrepreneurs and management teams across secular fast growing end markets. Kedaara was co-founded by Sunish Sharma, Nishant Sharma and Manish Kejriwal and combines the strengths of a well-networked, highly experienced local investing and operating team, with the experience of their strategic partner, Clayton, Dubilier & Rice, a global private equity firm whose investment model blends financial skills with operating expertise. For further information about Kedaara, please visit: https://www.kedaara.com This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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Global Student Loan Market Report to 2031 - Featuring Ascent Funding, Avanse Financial Services, Citizens Financial and Carvana Among Others

/PRNewswire/ -- The "Student Loan Market By Type, By Repayment Plan, By Age Group, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031"...

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Global Student Loan Market Report to 2031 - Featuring Ascent Funding, Avanse Financial Services, Citizens Financial and Carvana Among Others

/PRNewswire/ -- The "Student Loan Market By Type, By Repayment Plan, By Age Group, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031"...

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Modern-day Leaders Striding Forward with Purpose

A unique cadre of leaders epitomises this multifaceted growth across fronts, and their many successes have seen them recognised as the Influential Leaders of India 2022. This research-driven initiative shortlisted brands based on in-depth research conducted by a dedicated marketing research partner, Allegiant Market Research.

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