some cycle. the country specific listing in canada. the insurance holdco. the deployment on the continent. the next buyer and notable sellers
http://www.dealstreetasia.com/stories/india-carlyle-exits-iifl-in-fairfax-open-offer-23943/
http://www.dealstreetasia.com/stories/india-2015-top-pe-exits-24643/?utm_source=DealStreetAsia%3A+The+Daily+Brief&utm_campaign=3cc98b01c1-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_0fa50e40c1-3cc98b01c1-246479069
http://www.dealstreetasia.com/stories/india-carlyle-exits-iifl-in-fairfax-open-offer-23943/
December 17, 2015:
US private equity firm Carlyle Group has fully exited its four-year-old investment in Mumbai-based financial services firm IIFL Holdings Ltd, formerly known as India Infoline Ltd, at a profit, according to a disclosure on its website.
The stake sale by Carlyle was a part of the recently concluded open offer by Canadian firm Fairfax India Holdings Corp, which saw latter acquiring additional 21.85 per cent stake in IIFL Holdings for nearly $200 million. Post open offer, Fairfax’s total shareholding in IIFL has increased to 30.72 per cent.
Carlyle Group had acquired a 9 per cent stake in IIFL Holdings through secondary market purchase of equity shares for an undisclosed amount in October 2011. The investment was made by Carlyle Mauritius Investment Advisors Ltd, a part of Carlyle Asia Partners (CAP), one of the largest private equity investors in Asia since 1998.
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