Investec advised EFL on its USD 48 million fundraise from LeapFrog Investments and Aavishkaar Capital

About the deal

Investec acted as the Exclusive Financial Advisor to Electronica Finance Limited (EFL), one of India’s largest providers of loans to MSMEs (Micro, Small and Medium Enterprises), on its USD 48 million Series B Funding led by LeapFrog Investments and supported by Aavishkaar Capital.

Headquartered in Pune, Electronica Finance Limited (EFL), a part of the SRP Electronica Group, was incorporated in the year 1990. With a legacy of over 30 years, EFL has successfully established itself as pioneers in the field of MSME Finance with a focus on machine finance and climate finance. Keeping in mind the overall philosophy of customer centricity and assessment-based financing, the company provides a comprehensive product portfolio – Machine Loans, Business Loans, Rooftop Solar Loans, Loan against Property, Institutional Lending, Working Capital Loan and loans to micro enterprises, catering to the financial needs of individuals, small business owners and medium-sized enterprises. It currently has an AUM of ~IUSD 480 million with operations in 215+ branches across 15 states.

Our role

Investec leveraged its experience and thought leadership in the Financial Services space, to advise EFL.

Investec reached out to multiple Financial buyers, showcasing our reach and access capabilities, in effect ensuring an efficient competitive process and maximization of value for our clients.

We advised EFL on all contours of the transaction key being collateral preparation, marketing, valuation, definitive documentation negotiation etc.

Investec “handheld end-to-end execution” to deliver the transaction to the Shareholders.

Ensured seamless co-ordination between EFL, the incoming Investors, the existing shareholder and their advisors at every stage of the transaction.