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Strategy

The road less travelled: SBFC’s journey from a private-equity growth buyout to an IPO listing

The road less travelled: SBFC’s journey from a private-equity growth buyout to an IPO listing
The road less travelled: SBFC’s journey from a private-equity growth buyout to an IPO listing
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Synopsis

Unlike the usual path-to-IPO stories of many unicorn startups, Arpwood-backed SBFC’s journey had a few differences — this company had a buyout private-equity firm at the board with experienced professionals driving the company’s growth instead of promoter founders.

The year was 2017. Private-equity firm Arpwood had identified a new investable opportunity — secured lending for small and medium (SME) business — a market they had estimated was about to scale significantly. As the company assessed the market, they realised that there weren’t too many large books of existing businesses to buy at that time to get a headstart on this opportunity. Around this time, non-banking financial services company, Karvy
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The Economic Times