Five Star Business Credits, which provides loans to micro entrepreneurs, has raised fresh funding of Rs. 114 crore from investment firm Morgan Stanley Private Equity Asia..Vertices Partners, set up by 3 ELP lawyers in March this year, advised Five Star Business Credits with a team led by Partners Vinayak Burman and Archana Khosla, along with Associate Tanvi Pande..Cyril Amarchand Mangaldas acted for Morgan Stanley PE with a team led by Partner Nivedita Tiwari, along with Senior Associate Shivani Kabra and Associates Aditya Dayal and Vartika Mishra..The existing investor Matrix Partner was advised by its in-house team..Five Star plans to grow its loan portfolio by over 50% this year, expand its branch network from 67 to 250 in the next three years and have a presence across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala, reports ET.
Five Star Business Credits, which provides loans to micro entrepreneurs, has raised fresh funding of Rs. 114 crore from investment firm Morgan Stanley Private Equity Asia..Vertices Partners, set up by 3 ELP lawyers in March this year, advised Five Star Business Credits with a team led by Partners Vinayak Burman and Archana Khosla, along with Associate Tanvi Pande..Cyril Amarchand Mangaldas acted for Morgan Stanley PE with a team led by Partner Nivedita Tiwari, along with Senior Associate Shivani Kabra and Associates Aditya Dayal and Vartika Mishra..The existing investor Matrix Partner was advised by its in-house team..Five Star plans to grow its loan portfolio by over 50% this year, expand its branch network from 67 to 250 in the next three years and have a presence across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala, reports ET.
