Everston infuses Rs 200 crore in Hinduja Leyland Finance

PE firm Everstone has infused Rs 200 crore in Hinduja Leyland Finance Limited (HLF), an NBFC jointly owned by Ashok Leyland and other entities of the Hinduja Group.

HLF raised its first round of institutional capital of Rs 200 crore from Everstone, a leading India and South East Asia private equity investor with US$2 Bn under management.

In three years, HLF has established its presence in over 600 locations in 19 states of India and presently manages a portfolio in excess of Rs 40,00 crore across assets including commercial vehicles, two and three wheelers, autos, construction equipments and tractors.

Spark Capital (Spark) acted as exclusive financial advisor to HLF and was instrumental in ideating and evolving the transaction over a period of time, building an investment thesis, identifying a potential set of investors and marketing the opportunity.

Subsequently Spark prepared the Company for a detailed due diligence by the Investor, represented and led the transaction negotiations on their behalf and played a key role in structuring the transaction.