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Exclusive: PE firm True North to partially exit small finance bank licensee Fincare

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Fincare Business Services Pvt. Ltd, a financial services holding company, is in late-stage discussions to raise external equity funding that would rejig foreign ownership to help comply with local laws which require a dilution of majority stake owned by private equity investor True North, two persons close to the development told VCCircle.  Established in September 2014, Fincare is a core investment company managing a clutch of businesses operating in the bottom-of-the-pyramid financial services sector with assets of over Rs 1,955 crore as on October 2016.  Its flagship businesses includes Disha Microfin, a small finance bank (SFB) licensee based in west...

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Edelweiss Financial Services Ltd. (formerly known as Edelweiss Capital Ltd.) is engaged in providing financial services. It is also engaged in providing advisory and transnational services. The firm offers private placements of equity, capital raising services in public market, mezzanine and convertible debt, corporate debt syndication, mergers and acquisition, infrastructure and real estate advisory services. Its brokerage services include institutional equities, wealth advisory and investment services, client advisory services and financial products distribution. The company was incorporated in 1995 and is based in Mumbai, Maharashtra.

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