DEAL DETAILS
Aditya Birla Capital Limited and Infocyber India Private Limited | Sale of 100% of Aditya Birla Insurance Brokers Limited to Samara Capital
We advised Aditya Birla Capital Limited and Infocyber India Private Limited on their proposed exit from Aditya Birla Insurance Brokers Limited by way of a 100% stake sale to Edme Services Private Limited (a part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund) at an enterprise value of INR 4550 million on a cash free and debt free basis. The proposed exit is subject to the approval of the Insurance Regulatory and Development Authority of India and other statutory/regulatory approvals.
The deal team was led by Saswat Subasit (Partner) and Shourya Sengupta (Partner) and included Sneh Lata (Principal Associate), Ruturaj Jere (Senior Associate), Vaishanshi Bhardwaj (Senior Associate) and Ketan Jain (Associate). Sruti Baid (Principal Associate) assisted the deal team on transaction documentation.
About Aditya Birla Insurance Brokers Limited
Aditya Birla Insurance Brokers Limited (ABIBL) is one of India’s leading composite insurance brokers, licensed by the Insurance Regulatory and Development Authority of India (IRDAI). ABIBL specializes in providing integrated insurance broking and advisory services to companies and individuals by way of Retail Solutions and Corporate Solutions. ABIBL also offers Re-insurance solutions to insurance companies and has developed strong relations with Indian as well as global insurers operating in India, South Asia, Middle East and South-East Asia.
About Aditya Birla Capital Limited
Aditya Birla Capital Limited is the holding company for the financial services businesses of the Aditya Birla Group, a Fortune 500 entity. ABCL has a strong presence across protecting, investing and financing solutions and caters to the diverse needs of its customers across their life cycle through their 34,000 employees over 1,200 branches, more than 200,000 agents / channel partners and several bank partners. As of 31 December 2022, ABCL manages aggregate assets under management of over INR 3,600 billion with a consolidated lending book of approximately INR 859 billion and an active customer base of approximately 43 million through its subsidiaries and joint ventures.
About Edme Services Private Limited
Edme Services Private Limited is part of the Samara Capital Group and an affiliate of Samara Alternative Investment Fund. Samara Capital is one of India’s leading mid-market private equity firms with strong operating capabilities which focuses on long term business ownership and value creation while driving positive impact for all stakeholders.
