Avendus Capital Advised Ujjivan Financial Services Private Ltd and Some of Its Shareholders on Its INR 6,000 mn Financing Transaction Including a Combination of Primary Issuance of Shares and Partial Exit to Select Shareholders.

Ujjivan Financial Services Private Ltd, one of the leading microfinance institutions in India has culminated a financing round of INR 6,000 Mn, through a combination of primary issuance of shares and partial secondary exits to a few of its existing shareholders. The transaction witnessed participation from CX Partners Fund I Limited, CDC Group Plc, NewQuest Asia Investments II Ltd and Bajaj Holdings. Existing investors IFC and Elevar Equity Mauritius have also invested into the company as part of the transaction.

Avendus Capital Pvt. Ltd. was the exclusive financial advisor to the company and the selling shareholders.

Deal Value

USD 100 mn

Service

Private Equity

Sector

Financial Institutions Group

Date

March 2015

This equity transaction is the largest in the sector and reaffirms Ujjivan’s inherent strength in terms of its excellent growth and profitability with strong Governance. It is also a strong indicator of the increasing interest of foreign and domestic investors & DFI’s in the MFI sector.

Samit Ghosh

MD & CEO, Ujjivan

The level of interest witnessed in this transaction from financial sponsors and development financial institutions is a testament firstly to the prospects and potential of the sector and secondly to the robust performance of Ujjivan, its management and its future growth prospects.

Ritesh Chandra

Managing Partner, Avendus Future Leaders Fund

About Ujjivan Financial Services Private Ltd

Founded in 2005, Ujjivan is one of the largest microfinance institutions in India with gross managed assets of more than INR 31,000 Million. Ujjivan operates on both joint liability group lending and individual lending Avendus Capital Advised Ujjivan Financial Services Private Ltd and Some of Its Shareholders on Its INR 6,000 mn Financing Transaction Including a Combination of Primary Issuance of Shares and Partial Exit to Select Shareholders. March 2015 • Mumbai model. With a network of 423 branches across the country in 21 states and 3 union territories, Ujjivan has the largest geographical footprint among MFIs. It has positively impacted the lives of more than 2 million unbanked and under-banked customers in urban, semi-urban and rural areas, by addressing the financial needs for micro enterprise, home improvement, education & emergencies.