International Credit Rating Agency (ICRA), an affiliate of Moody’s, has signed definitive agreements to acquire 100% of Fintellix India from LFG Services Mauritius Holdings and G2 Acquisition

International Credit Rating Agency (ICRA), an affiliate of Moody’s, has signed definitive agreements to acquire 100% of Fintellix India from LFG Services Mauritius Holdings and G2 Acquisition, for INR2.25 billion (USD26 million).

SAMVĀD: Partners and Saraf and Partners advised the parties involved.

Saraf and Partners advised ICRA on due diligence, structuring and documentation. Vaibhav Kakkar, along with Snigdhaneel Satpathy and Debarpan Ghosh, led the transaction team.

The sellers are affiliated with Stellex Capital Management, a US-based private equity firm. Samvad Partners represented the selling shareholders.

Samvad's Nivedita Nivargi led the team, with the assistance of Narayan Gupta, Pranav Narayan Govind, Sakshi Tyagi and Sandesh Atyam.