TA Associates Invests in Vastu Housing Finance, Valuation Reaches $1.4 Billion
Private equity firm TA Associates Management LP has announced a significant growth investment in Vastu Housing Finance Corp. Ltd, a company backed by Multiples PE, marking a notable development in the housing finance sector. The exact financial details of the investment and the resulting post-money valuation remain undisclosed.
According to a report by Mint in May, the investment round was speculated to be around $400 million, resulting in a valuation of Vastu Housing Finance exceeding $1.4 billion. Earlier in February, market research firm Tracxn had valued Vastu Housing at approximately $1.2 billion.
Multiples PE, which previously held a majority stake in Vastu, was anticipated to sell a portion of its stake during this investment phase, as indicated in the report.
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This investment underscores the growing interest among investors in the housing finance sector, driven by the potential for substantial growth and market opportunities. TA Associates’ entry into Vastu Housing Finance reflects confidence in the company’s business model and growth prospects amidst a dynamic economic environment.
The transaction marks a strategic move for both TA Associates and Multiples PE, positioning Vastu Housing Finance for further expansion and innovation within the competitive landscape of housing finance in India.
