The Carlyle Group Exits Repco Home Finance (Asia)
Source: Asian Venture Capital Journal | Author(s): Andrew Woodman
Global private investment firm The Carlyle Group has fully exited its stake in India-listed housing finance company Repco Home Finance for INR4.7 billion (approximately US$78.4 million) via an open market transaction. Carlyle sold 11 million shares, or a 17.7 percent stake, at INR428 (approximately US$7.12) apiece. The sale represents a reported 9x return for Carlyle, which first invested in the company in 2008. Carlyle previously exited around a 23 percent stake in two separate secondary transactions in 2013, selling a 13.3 percent stake and a 9.9 percent stake to private equity firms Wolfensohn Capital Partners and Creador, respectively.