Deals
Apollo-Backed Fund Said to Vie With Fairfax for India Bank Stake
- Recent stake purchase valued bank at about $200 million
- Everstone wants to merge IndoStar Capital with Catholic Syrian
This article is for subscribers only.
Aion Capital Partners, a private equity firm backed by Apollo Global Management LLC, is among suitors that have expressed interest in buying a stake in India’s Catholic Syrian Bank Ltd., people familiar with the matter said.
Everstone Capital has also approached Catholic Syrian’s board about a possible deal, according to the people, who asked not to be identified because the information is private. The investment firm would seek to merge its own finance company, IndoStar Capital Finance Ltd., with the Indian lender, the people said.