Deal: Trilegal advised InCred group on the consolidation of its retail non-banking finance business with the non-bank lending business of KKR group through demerger

InCred Finance is a tech-enabled lending institution that spans online and offline models across consumer, small businesses, and education lending. KIFS, which was founded in 2009, provides Indian businesses with financing solutions. The InCred and KKR groups have entered into a strategic transaction to consolidate InCred’s retail non-banking finance business with the non-bank lending business of the KKR group through demerger. The resultant entity, InCred Finance, will be majority-owned by InCred’s existing promoter and investors, with KKR being the single largest investor at the time of the transaction’s close.

Trilegal advised the InCred group in the transaction structuring, conducted legal due diligence on the operative KKR entities and prepared and negotiated the definitive documents executed between InCred and KKR.

Trilegal team was led by Kunal Chandra, Partner and was assisted by Kabeer Mathur, Counsel; Shraddha Jha, Senior Associate; Abhinav Hansaraman, Aditya Nandakumar, Chandni Ochani, Debarati Sengupta, Kunal Paleja, Paridhi Khulbe and Sweta Mohanty, Associates. The team was assisted by our Corporate Governance & Compliance team led by Rajesh Modani, Principal Consultant; Monik Damania and Ashima Chhatwal, Senior Consultants; and Ansif Latheef, Consultant.

AZB & Partners were the legal advisors to KKR, Bobby Parikh Associates were the financial advisors to InCred and Ernst & Young were the financial advisors to KKR.