Mumbai, July 25, 2024: BPEA Credit today announced that it has committed a Private Credit facility (including a greenshoe option) to one of the fastest-growing players in the niche precision manufactured components space, catering to diverse industry segments across automotive & agricultural, aerospace, flow control and railways. Promoted by first-generation entrepreneurs with more than 30 years of experience in the field, the company has long-standing relationships with reputed blue-chip companies with strong credit ratings and a significant wallet share for many of the critical components. The company recently acquired a controlling stake in a foundry business to integrate backwards into the value chain and increase the overall product offering to its customers.
BPEA Credit’s flexible capital solution supports the group’s growth plans by providing financing for capital expenditure, working capital, and acquisition financing for the foundry business.
Anupam Goenka, Managing Director – “Our investment in the group aligns with our philosophy of partnering with high-quality, growth-oriented and profitable businesses and experienced promoters. The manufacturing industry in India is expected to grow rapidly, supported by government efforts and the China+1 strategy of large global organizations. We believe the company is ideally poised to capture this growth trend in the coming years with a robust order book from domestic and global clients and we look forward to playing an active role in the company’s growth story.”
Kaushal Ganeriwal, Managing Director – “We have been in discussions with the group over the last few weeks to understand the financing needs of the group and structure a flexible capital solution to fund the group’s growth plans while ensuring the business can service the same from its operating cash flows. This investment aligns with our philosophy of sourcing stable investments in leading, high-growth, and established companies, not ordinarily available to investors, thereby generating attractive returns for our investors”.
About BPEA Credit:
BPEA Credit is one of Asia's leading performing private credit managers, sourcing off-market performing credit opportunities by providing customized capital solutions to established high-growth companies. In the 11 years since its inception, the team has raised four funds and invested over US$ 1.1 billion across portfolio companies in multiple sectors, generating attractive investment returns for its investors across all its funds. BPEA Credit’s investment focus is on Asia ex-China, with an emphasis on India and SE Asia, representing some of the region's fastest-growing yet underpenetrated credit capital markets. BPEA Credit has built a strong sourcing and underwriting platform with a world-class 30-member team with offices in Singapore, Delhi, and Mumbai.
Steer Advisors (https://steeradvisors.in/), a growing Investment Bank and Corporate Advisory firm having presence in India and abroad, acted as the exclusive advisor for this transaction.
For more information, please visit www.bpeacredit.com.
Contact:
BPEA Credit: Media | press@bpeacredit.com
Adfactors PR: Savitha K | Savitha.k@adfactorspr.com | +91 97681 23015
