JSA Advocates & Solicitors (JSA) advised LeapFrog Investments Group, Ltd. (“LeapFrog”) on its acquisition of shares in Shubham Housing Development Finance Company Limited (“Shubham Housing”), as part of a USD 96 million funding round alongside Creador. The transaction involved LeapFrog acquiring shares from the promoters, employees, and certain existing shareholders of Shubham Housing.
Shubham Housing is among India’s leading affordable housing finance companies, with assets under management of approximately INR 7,500 crore (USD 825 million) and a network of over 200 branches across 12 states. The company focuses on providing home loans to underserved and low-income segments, contributing to increased financial inclusion in the housing sector.
The transaction was led by Sidharrth Shankar, Partner; with support from the Private Equity team comprising Prakriti Jaiswal, Partner; Dhruv Malhotra, Partner; Pranav Rao N, Senior Associate; Achint Johri, Associate; and Satvik Tewari, Associate.
Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.