DEAL BRIEF
True North (previously known as India Value Fund) has acquired a controlling stake in Home First Finance Company Private Limited ("HFFC"), a housing finance company headquartered in Mumbai engaged in providing affordable housing loans to low and middle income groups. The acquisition valuing about USD 100 million was achieved by way of a secondary sale from a few of the existing shareholders and a fresh issuance of shares. Bessemer Venture Partners ("BVP"), one of the earlier investors in HFFC continued as a shareholder in HFFC.
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