IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot as the largest private equity firm in the Indian market.
IL&FS, the only publicly listed private equity firm in India, will now control the businesses of both Saffron's funds: Yatra Capital Ltd, which is listed on the Euronext Stock Exchange, and the Saffron...
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