Avendus Capital Advises Atria Convergence Technologies on raising structured debt from Olympus Capital Asia Credit and Kilimanjaro Credit Fund

Bengaluru-based Atria Convergence Technologies (ACT) is one of the fastest growing ISPs in the country and one of the largest Multi Service Operators (MSO) in South India offering a convergence package of Broadband and Cable TV services. ACT was promoted by the Bengaluru based Atria Group who brought in IVFA as a majority shareholder in 2008. Prior to 2008, ACT had about a decade of experience in cable TV business and was working on developing a network architecture to deliver value added services like broadband, Video on Demand, Voice over IP etc to cable television consumers in India at reasonable cost. The partnership enabled ACT to attract quality management talent and develop a strong apex team. Today ACT is a professionally run organization offering a quality ensemble of information, communication and entertainment through Broadband (Fiber-to-the-home Technology), Digital T.V. and Analog T.V. to more than a million households across Karnataka, Andhra Pradesh and Tamil Nadu.

India Value Fund Advisors (IVFA) was established in 1999 with a focus on investing in and transforming mid-sized profitable businesses into world-class industry leaders, built on the strong foundation of IVFA Values. Steered since its inception by Vishal Nevatia, IVFA has built deep knowledge and skills in the Indian markets and has successfully launched four separate investment funds with a combined corpus of over US$ 1.2 billion. Currently, IVFA is investing out of IVF - IV, which has a corpus of US$ 600 million. IVFA’s insights and understanding of India has been sharpened over the last 14 years by investing over US$ 800 million across 26 Indian businesses. It has successfully guided these companies in making the transition into well established and large businesses that are valuable, enduring, socially responsible and are creating immense wealth for all stakeholders. 

Olympus Capital Asia Credit or “OCA Credit” is the private credit platform of Olympus Capital Asia, providing structured lending solutions to mid-sized corporations in Asia Pacific. OCA Credit offers debt financing alternatives to corporates and sponsors to support growth capex and to finance acquisitions. Olympus Capital Asia is an Asia-focused, middle market private equity firm with nearly US$2 billion committed to the region since 1997 on behalf of four regional funds and co-investors. 

Kilimanjaro Advisors, LLC (“Kilimanjaro”) was founded by Impala Partners, LLC (“Impala”) in 2003. Impala is a premier boutique firm specializing in direct investing in US corporations, distressed investing, taking both control and non-control positions, and advising on global corporate restructurings, turnarounds and mergers and acquisitions.

Kilimanjaro is an SEC registered fund which specializes in investing in corporate loans (both first and second lien), special situations of distressed companies and opportunistic transactions through Kilimanjaro Credit Fund LP.