Adarsh Group Successfully Raises Structured Credit Finance from Edelweiss
EY has successfully advised entities of the Adarsh Group in raising INR 550 crores from Edelweiss Alternative Asset Advisors Limited through a structured credit financing facility.
EY conceptualised, negotiated and executed this historic transaction.
This fresh credit financing was needed to kickstart residential projects and generate liquidity within the group with a focus on active debt management at a group level.
Adarsh Developers is the flagship parent company of the Adarsh Group, a prominent real estate developer in Bengaluru with a presence across the residential, hospitality and commercial office segments. The group pioneered the ‘gated community’ concept in the city and has delivered marquee projects like the Shangri La hotel, Adarsh Palm Meadows and Adarsh Palm Retreat townships.
Edelweiss Alternative Asset Advisors Limited [EAAA] is a leading alternatives assets platform with India focussed assets under management / advisory of over $ 4 billion. EAAA specialises in offering innovative solutions through four distinct strategies – performing credit, real estate credit, stressed assets and infrastructure yield.
This fundraising transaction helped the Adarsh Group unlock value in key land holdings and projects, just as the residential sector outlook started taking a turn for the better and institutional capital chased quality deals with developers with a proven track record. EY successfully advised the client from start to finish on various deal parameters whilst working with pressing timelines and several stakeholders, which ultimately lead to the targeted deal closure.
