Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 10 2018

Max Financial to raise money from KKR Capital, others for insurance M&A deals

TPG Global generally provides equity financing while Standard Chartered Bank and KKR Capital may arrange or provide debt financing.

In a bid to help unit Max Life Insurance Company Ltd pursue an acquisition opportunity, Max Financial Services Ltd has approved a plan to raise funds from KKR Capital Markets India Pvt. Ltd, TPG Global LLC, and Standard Chartered Bank.

Without specifying the deal amount the company said, the amount will be within the limits approved by the board earlier and will be finalized once the acquisition opportunity materializes.

TPG Global generally provides equity financing while Standard Chartered Bank and KKR Capital may arrange or provide debt financing.

Billionaire Analjit Singh-led Max Financial has been exploring fundraising plans to finance M&A deals for the past couple of months. On 21 March, the company had told the exchanges its board approved a plan to borrow Rs 5,000 crore to finance acquisition opportunities by the insurance unit.

Max Life has been trying to engineer M&As for more than a year. Last year, the Max group scrapped a planned merger of Max Life with HDFC Life Insurance Company Ltd because of regulatory hurdles.

Comment
Related opportunities
  • Three wheeler (Auto) showroom
    About Us: Funded by Paytm, rocketship.vc & Snow Leopard Technology Ventures,..
    Locations looking for expansion Chandigarh
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chandigarh Chandigarh
  • Competitive Exam Coaching Institute
     About Us: Bansal Academy is a premiere coaching institute in Chandigarh..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 5500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fashion accessories - women
    About:   A unique perception in the arena of female purchasing has..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • World's Largest Flower Retail Chain - Ferns N Petals Pvt...
    Locations looking for expansion New Delhi
    Establishment year 1994
    Franchising Launch Date 2000
    Investment size Rs. 5lac - 10lac
    Space required 150-300 sq feet
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities