Avendus Finance Lends Structured Debt of INR 600 mn to Promoter Family of Krishna Institute of Medical Sciences

Avendus Finance Pvt Ltd, the credit solutions arm of Avendus Capital, has provided structured debt of Rs. 600 million to a special purpose vehicle (SPV) owned by the promoter family of Krishna Institute of Medical Sciences (KIMS), a healthcare services provider. Promoter family had sought the credit to scale up its medical college business.

Avendus Finance, the sole lender for this transaction and a subsidiary of Avendus Capital, was set up in November 2016. It specializes in providing highly customized structured credit solutions to Indian entrepreneurs and businesses. It has successfully provided a total structured debt of about INR 2000 million in the month of October 2017 through four transactions across sectors such as Pharmaceuticals, Healthcare and Media.

Avendus Group’s deep domain knowledge stemming from its leadership position in the financial advisory business and superior credit understanding empowers Avendus Finance to underwrite innovative credit solutions for complex deals, furthering the growth ambitions of entrepreneurs.