Bain Capital finalises deal to acquire 90% stake in Adani Capital

Bain Capital, a prominent global private investment firm, announced today that it has reached a definitive agreement to acquire 90 percent of Adani Capital and Adani Housing. Under the deal, Bain will buy out all of the Adani family's private investments in the company. While Gaurav Gupta maintains his position as the company's managing director and chief executive officer.

In order to support the business's ongoing growth, Bain Capital has additionally provided $120 million in primary capital. Additionally, Bain Capital will make a $50 million line of credit in the form of non-convertible debentures immediately accessible to the company.

Adani Capital, Adani Housing Finance, and its stockholders had only one financial advisor for this deal, Avendus Capital. In this transaction, Bain Capital received financial advice just from Rothschild. The deal is anticipated to complete in Q4 2023, subject to all market and regulatory clearances.

Source: Media Reports