DSK, CAM, NDA on True North’s $100 million investment in Home First Finance

True North has acquired a controlling stake in Home First Finance Company Private Limited (HFFC), a housing finance company engaged in providing affordable housing loans to low and middle income groups for about $100 million (Rs. 667 crore)..The transaction is a combination of a fresh issue and a secondary sale. Out of the $100 million, True North will invest about half in the company and the rest will be paid to existing shareholders, reported VCCircle..DealTrue North acquires controlling stake in HFFCValue$100 millionDeal typeM&ASectorHousing financeLaw FirmsBessemer Venture Partners – Nishith Desai Associates; HFFC – Cyril Amarchand Mangaldas; True North – DSK LegalPartners/HeadsNDA – Nischal Joshipura; CAM- Vandana Sekhri; True North- Hemang Parekh, Narendra Digankar.True North was advised by DSK Legal through a team led by Partners Hemang Parekh and Narendra Digankar along with Senior Associate Anupam Shukla..HFFC was advised by Cyril Amarchand Mangaldas through a team led by Partner Vandana Sekhri..The existing shareholder, Bessemer Venture Partners was represented by Nishith Desai Associates through a team led by Partner Nishchal Joshipura along with Associate Aishwarya H.