Bain Capital Set to Acquire Majority Stake in Manappuram Finance in Lucrative Deal
2025-03-20
Moneycontrol
In a significant development, Bain Capital is poised to strike gold with a deal to acquire a majority stake in Manappuram Finance. The private equity firm is likely to purchase approximately 22 percent of the company's shares from founder and MD & CEO, VP Nandakumar, and subsequently launch an open offer to increase its stake to 42 percent. This strategic move is expected to bolster Manappuram Finance's growth prospects, leveraging Bain's expertise in financial services and investment management. With this deal, the company is likely to experience a significant boost in its financial performance, driven by Bain's proven track record in private equity investments and asset management.
