Saraf and Partners | View firm profile
ICRA Limited, an affiliate of Moody’s, has entered into definitive agreements for the acquisition of 100% shareholding in Fintellix India Private Limited (“Fintellix”), from LFG Services Mauritius Holdings and G2 Acquisition Inc., for a consideration of USD 26 million (INR 225 Crores).
The Sellers are part of the Stellex Capital Management group, a US based private equity firm.
Fintellix, a Bengaluru based product-led company, specializes in risk, supervisory, and data analytics solutions, offered on its proprietary data platform. Fintellix enables global financial sector entities to meet regulatory requirements while efficiently managing data and providing superior analytics.
Saraf and Partners acted for ICRA Limited on all aspects of the deal, including legal due diligence and structuring, as well as the drafting negotiation and finalization of the definitive agreements. The transaction team was led by Senior Partner, Vaibhav Kakkar, and Partners, Snigdhaneel Satpathy and Debarpan Ghosh.
Samvad Partners acted for the selling shareholders.
ICRA Limited is one of India’s leading credit rating agencies, and along with its subsidiaries is a preferred partner in providing best in class and independent research and analytics solutions. ICRA’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange and the international credit rating agency Moody’s Investors Service is ICRA’s largest shareholder.
The acquisition of Fintellix will strengthen the ICRA Group’s portfolio of credit risk assessment and monitoring tools by adding risk reporting capabilities to its existing solutions. ICRA’s existing portfolio includes credit risk software solutions, early warning systems (EWS), and asset classification tools.
Deal Value: USD 26 million
Signing Date: June 12, 2025
For any further information, please contact:
Sanya Sud
Corporate Communications Executive, Saraf and Partners
Mobile: +91 9958677011