Trilegal, AZB, Argus advise on InCred Finance deal

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Trilegal, AZB & Partners, Argus Partners advise on InCred Finance deal

Trilegal advised tech-enabled lender InCred when it entered into an agreement with global investor KKR to combine its retail non-banking finance business, InCred Financial Services, with KKR India Financial Services (KIFS) and form InCred Finance.

AZB & Partners advised KKR, while Argus Partners advised OAKS Asset Management, an existing shareholder of InCred Financial Services.

The deal was announced on 20 August and is expected to be finalised in the fourth quarter of 2021.

Trilegal’s team was led by partner Kunal Chandra, and included counsel Kabeer Mathur, senior associate Shraddha Jha and associates Abhinav Hansaraman, Aditya Nandakumar, Chandni Ochani, Debarati Sengupta, Kunal Paleja, Paridhi Khulbe and Sweta Mohanty. A team from the firm’s corporate governance and compliance practice also assisted.

AZB & Partners’ team comprised partners Darshika Kothari, Divya Mundra and Roxanne Anderson, and senior associates Pankhuri Govil and Himanshoo Tembe.

Argus Partners’ team comprised partner Gaurav Singhi and senior associate Tushnika Dayal.

While InCred Finance will be majority-owned by InCred’s existing promoter and investors, KKR is expected to be the single-largest investor. InCred’s equity investors include former Deutsche Bank co-CEO Anshu Jain, OAKS Asset Management, Investcorp, FMO, Moore Capital and Elevar.