International Credit Rating Agency (ICRA), an affiliate of 惭辞辞诲测’蝉, has signed definitive agreements to acquire 100% of Fintellix India from LFG Services Mauritius Holdings and G2 Acquisition, for INR2.25 billion (USD26 million). Samvad Partners and Saraf and Partners advised the parties involved.
Saraf and Partners advised ICRA on due diligence, structuring and documentation. Senior partner Vaibhav Kakkar, along with partners Snigdhaneel Satpathy and Debarpan Ghosh, led the transaction team.
The sellers are affiliated with Stellex Capital Management, a US-based private equity firm. Samvad Partners represented the selling shareholders.
Samvad partner Nivedita Nivargi led the team, with the assistance of principal associate Narayan Gupta, senior associate Pranav Narayan Govind, and associates Sakshi Tyagi and Sandesh Atyam.
Fintellix, headquartered in Bengaluru, is a product-led company specialising in risk, supervisory, and data analytics solutions for the financial sector, delivered via its proprietary data platform.
ICRA is a leading credit rating agency in India and a subsidiary of 惭辞辞诲测’蝉, with shares listed on the BSE and NSE.
