Big Shake-Up at Aavas Financiers: Partners Group Exits as CVC’s Aquilo House Takes the Helm

Partners Group has officially completed its exit from Aavas Financiers, selling its final stake as part of a sweeping ownership transition that sees Aquilo House Pte. Ltd., backed by CVC Capital Partners, emerge as the new promoter with a commanding 48.96% shareholding. The deal, finalized on June 30, 2025, marks the end of an eight-year investment journey for Partners Group, which first acquired a significant stake in Aavas in 2016 and now reports a strong return for its clients.

 

Key Highlights:

 

Full Exit for Partners Group: The global private equity firm has sold its remaining shares in Aavas Financiers, completing a phased divestment that began earlier in the year. The exit was executed alongside Kedaara Capital, with both promoters selling their combined 26.47% stake to Aquilo House.

 

Aquilo House Becomes Promoter: Aquilo House, an entity of CVC Capital Partners Asia VI, now holds nearly half of Aavas Financiers’ equity after acquiring shares through a mix of open offer and direct purchase agreements. This includes 1.78 crore shares tendered in the open offer and additional shares bought from Partners Group and Kedaara Capital.

 

Transaction Details: The open offer, announced in August 2024 and completed in March 2025, was priced at ₹1,767 per share, valuing the transaction at over ₹7,000 crore. Aquilo House’s total holding now stands at 3.87 crore shares (48.96%).

 

Market Impact: Shares of Aavas Financiers surged 4.99% to close at ₹2,091.30 on the BSE following news of the stake sale and promoter change.

 

Strategic Significance: The deal underscores the growing interest of global private equity in India’s affordable housing finance sector, with CVC Capital positioning Aavas for its next phase of growth.

 

Sources: CNBC-TV18, Financial Times, Business Standard