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<p dir="ltr">Malaysia-based private equity firm Creador has partially exited from Repco Home Finance, an India-based firm, it had invested in  2013. Creador generated a three-fold return on investment.</p></article>

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<p dir="ltr">Malaysia-based private equity firm Creador has partially exited from Repco Home Finance, an India-based firm, it had invested in  2013. Creador generated a three-fold return on investment.</p>
<p dir="ltr">Creador exited Repco Home Finance through a bulk transaction on the Bombay Stock Exchange, selling 325,000 shares at INR 470 per share. The sale came up to INR 152.75 million ($2.5 million).</p>
<p dir="ltr">The exit strengthens Creador’s view on the financial services sector, which chief executive officer Brahmal Vasudevan said was an area the firm will focus more on, going forward.</p>
<p dir="ltr">Creador’s other financial services investments are Cholamandalam Investment &amp; Finance Company, a pan-Indian composite financial services provider and BFI Finance in Indonesia.</p>
<p dir="ltr">Brahmal was quoted saying that the firm decided to exit earlier than its normal five-year cycle as Repco Home Finance was growing rapidly, making good margins.</p>
<p dir="ltr">The Chennai-based Repco Home Finance is the mortgage finance arm of Repco Bank, providing home loans to eight states and one union territory in and around southern India.</p>
<p dir="ltr">Creador had acquired 9.9% stake in Repco Home Finance from the Carlyle Group for INR 724 million ($12 million) in February last year.</p>
<p dir="ltr">The Carlyle Group, which had 49.7% in Repco Home Finance, made 3x to 4x its investment through secondary transactions.</p>
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<p dir="ltr">It had sold over 23% to both Creador and Wolfensohn (which took 13%), and 2.78% to Antique Broking and Shardul Securities, raising a total of INR1.9 billion ($31 million).</p>
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<p dir="ltr">After Repco Home and Finance made its initial public offering in March 2013, Carlyle made a full exit in June via the open market, for INR4.72 billion ($77 million).</p>
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<p dir="ltr">Wolfensohn also made a full exit in April this year, making a 2x return.</p>
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<p dir="ltr"><em>(Edited by Yamini Dhall)</em></p>
<pre dir="ltr">Image:<a href="http://www.freedigitalphotos.net/images/house-and-dollar-balancing-show-investment-photo-p213587">Freedigitalphotos.net</a></pre>
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PE firm Creador exits Repco partially

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PE firm Creador exits Repco partially

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