True North Agrees to Acquire Majority Stake in Home First Finance Company for US$100 Million (Asia)
Posted On: 27 Feb 2017 | Source(s): VCCircle, Livemint | Author(s): Swaraj Singh Dhanjal
India-focused private equity firm True North (formerly known as India Value Fund Advisors) has reportedly agreed to acquire a majority stake in India-based mortgage lender Home First Finance Company (HFFC) for approximately US$100 million. The investment will include both a secondary sale by existing shareholders and an issuance of new shares. True North will complete the transaction through its fifth fund.