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TPG signs pact to invest in South India-based Five Star Business Finance

Existing investors Norwest Venture Partners, an investment fund managed by Morgan Stanley, and Sequoia Capital are investing alongside TPG Capital Asia

Investment
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Investment

Ranju Sarkar New Delhi
TPG, the global alternative asset firm, on Tuesday announced that it has signed a definitive agreement to invest in Five Star Business Finance Limited (Five Star) a fast-growing, fully-secured small business financing company focused on South India. 

Existing investors Norwest Venture Partners, an investment fund managed by Morgan Stanley, and Sequoia Capital are investing alongside TPG Capital Asia. The company’s first investor, Matrix Partners, continues to stay invested in the company. Additional terms of the transaction were not disclosed.

Five Star is a non-bank finance company headquartered in Chennai, providing loans to nearly 40,000 customers. The company focuses on lending

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First Published: Jul 31 2018 | 8:30 PM IST

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