Mid-market PE firm Amicus Capital invests in Berar Finance

Date posted: Monday 24 February 2020

Mid-market growth capital fund Amicus Capital has invested about 10 million (Rs 70 crore) in Nagpur-based non-banking financial company (NBFC) Berar Finance Limited. Berar Finance, which is focused on two-wheeler financing, will use the proceeds of the current round to expand its branch network as well as diversify its product offerings. The fund raise shall further enable the company achieve its growth targets, remain well-capitalised in the near-term and potentially lower the cost of borrowings, Amicus said in a statement.

(Dealstreet Asia)