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SNG & Partners has advised UGRO Capital Limited, a leading listed DataTech NBFC focused on MSME lending, on its proposed acquisition of Profectus Capital Private Limited from global private equity fund Actis for an all-cash consideration of ₹1,398.6 crore.
This strategic acquisition forms a key pillar of UGRO’s long-term growth plan, enabling it to significantly scale its secured lending portfolio and expand into new lending segments such as school and education finance. The transaction is expected to add approximately ₹150 crore in annualised profits and unlock operational synergies worth ₹115 crore. Additionally, the acquisition will enhance UGRO’s geographic reach and deepen its presence in India’s MSME lending sector.
SNG & Partners provided end-to-end legal support on the transaction, including confirmatory legal due diligence, drafting and negotiation of transaction documents, advising on regulatory and structuring aspects, and handling shareholder and board approvals. The transaction is subject to customary regulatory and shareholder clearances.
Amit Aggarwal, Managing Partner – Corporate & Non-Contentious Practice, led the transaction, offering strategic oversight. The core team comprised Aditya Vikram Dua, Partner and Head of Financial Services, Devyani Dhawan, Counsel, and Chandra Shekhar Mishra, Associate Partner, supported by Mohit Goyal and Carishma Bhargava.
