Non-banking finance company Five Star Business Finance has raised $50 million in a new funding round led by private equity major TPG Capital, valuing the Chennai-based lender at $950 million. The company, which was founded back in 1984, has been on a strong growth trajectory since 2014, creating a book size of Rs 2,500 crore this year and aims to take it up to Rs 4,000 crore by March 2020.

— The Economic Times

Rajaram Legal advised Five Star Business Finance Limited led by a team of partner Archana Rajaram and senior associate Aakanksha Pagnis.

AZB & Partners acted for TPG.

In 2018, Shardul Amarchand Mangaldas (for Norwest Venture Partners) and AZB (for TPG) had acted on Five Star’s $100m round.

2019-08-30

Deal value: USD 50 Million

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