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PE firm EQT acquires Indostar Home Finance for Rs 1,750 Cr

YourStory

YourStory · 1y ago

PE firm EQT acquires Indostar Home Finance for Rs 1,750 Cr

Private equity firm EQT has agreed to acquire a 100% stake in Indostar Home Finance for INR 1,750 crore ($210 million). Indostar Home Finance, a subsidiary of Indostar Capital Finance Limited, offers affordable mortgages in tier 2 to tier 4 cities in India. It has achieved a 32% compounded annual growth in the last three years, with assets under management exceeding INR 2,400 crore. The investment will support the company's expansion plans and digital transformation journey. India's affordable housing finance sector is seen as a long-term growth opportunity due to government support and rising affordability.

Related News

EQT-controlled Sagility acquires US firm BroadPath for $58 mn

VCCircle

VCCircle · 1y ago

EQT-controlled Sagility acquires US firm BroadPath for $58 mn

Sagility, an Indian tech services firm under Sweden's EQT, acquired US-based BroadPath Healthcare Solutions for $58 million. This acquisition aims to diversify Sagility's clientele and expand its service capabilities. BroadPath, with a work-from-home model and 1,600 employees, serves over 30 new clients with offerings like member engagement and claims administration. The deal enhances Sagility's market position and is expected to boost its earnings per share and shareholder value.

Why this Swedish PE firm is willing to bet $5 billion in India this year

Livemint

Livemint · 1y ago

Why this Swedish PE firm is willing to bet $5 billion in India this year

Swedish private equity firm EQT is planning to invest about $5 billion in India this year, following its $2 billion investment in the country last year. The firm, which acquired Baring Private Equity Asia in 2022, currently has a pipeline of deals worth $5 billion in advanced stages of negotiations. EQT is expanding its investment focus beyond IT services to sectors like healthcare and financial services. The firm has invested $9.45 billion in India over the past five years and has seen success in IT services investments such as Coforge and Hexaware Technologies.

PE firm Xponentia Capital hits final close of second fund with oversubscription

VCCircle

VCCircle · 2y ago

PE firm Xponentia Capital hits final close of second fund with oversubscription

Indian private equity firm Xponentia Capital has successfully closed its second fund, the Xponentia Opportunities Fund II, with oversubscription. The fund specializes in mid-market investments and has backed companies like Barbeque Nation, The Souled Store, and Easy Home Finance.

TVS Holdings acquires 80.74% stake in Home Credit India for Rs 554 Cr

YourStory

YourStory · 1y ago

TVS Holdings acquires 80.74% stake in Home Credit India for Rs 554 Cr

TVS Holdings Limited acquired an 80.74% stake in Home Credit India for Rs 554 crore, with the rest acquired by Premji Invest and TVS associates. This move enhances TVS Holdings' financial services presence, aiming to boost financial inclusion. The acquisition includes Home Credit India's vast customer base and network, contributing to a Rs 33,000 crore lending book for TVS. The acquisition, funded by real estate asset sales and borrowings, promises synergies and growth in profitability.

Credila backer EQT pockets big cheque from returning LP for new Asia fund

VCCircle

VCCircle · 1y ago

Credila backer EQT pockets big cheque from returning LP for new Asia fund

EQT, a Swedish private equity firm, has secured significant investment from a returning limited partner for its new flagship Asia fund. This firm, which controls Credila Financial Services and Indira IVF, is aiming to raise $12.5 billion for BPEA Private Equity Fund. Jean Eric Salata, Chairperson of EQT Asia and Head of Private Capital Asia, is leading this initiative as EQT continues its investment endeavors in the Asian market.

Weaver Services raises Rs 1,450 Cr led by Premji Invest and Lightspeed

Entrackr

Entrackr · 22h ago

Weaver Services raises Rs 1,450 Cr led by Premji Invest and Lightspeed

Weaver Services raises Rs 1,450 Cr led by Premji Invest and Lightspeed Housing finance platform Weaver Services has completed a two-tranche fundraise of Rs 1,450 crore ($156 million). The capital will be used to acquire a 75.01% controlling stake in Centrum Housing Finance (CHFL), following all required regulatory and shareholder approvals. Premji Invest, an early backer, co-led the latest Rs 950 crore (over $100 million) round along with Lightspeed Venture Partners, which is making its first investment in this segment. Gaja Capital and a group of senior financial services professionals also participated in the round. Weaver has also entered into definitive agreements with Morgan Stanley to acquire its remaining 24.99% stake in CHFL, subject to approvals. Once completed, Weaver will become the sole institutional owner of CHFL. CHFL will be combined with People Home Finance, acquired in August 2025, creating a platform with assets under management exceeding Rs 2,000 crore and a network of 140 branches across India. The two entities are expected to be merged into a single unified institution. The combined entity will offer home loans, self construction loans, home improvement loans, and loans against property, with a focus on expanding access to credit for women. Founded in April 2024 by Satrajit Siva Bhattacharya and Anil Kothuri, Mumbai-based Weaver Services is a fintech enabled housing finance company focused on providing affordable home loans to underserved segments, especially self-employed individuals in tier II and tier III cities.

PE firm Trident Growth Partners lays out timeline for closing inaugural fund

VCCircle

VCCircle · 10m ago

PE firm Trident Growth Partners lays out timeline for closing inaugural fund

Trident Growth Partners, a private equity firm founded by former professionals from PremjiInvest and International Finance Corporation, is progressing towards the final close of its inaugural fund. The firm has successfully raised Rs 1,050 crore ($117 million) so far for this maiden fund, with plans to complete the process soon. This marks the initiation of their investment journey targeting various sectors, leveraging the expertise of its seasoned managing partners.

Bajaj Housing Finance files papers for Rs 7,000-cr IPO

YourStory

YourStory · 1y ago

Bajaj Housing Finance files papers for Rs 7,000-cr IPO

Bajaj Housing Finance intends to raise Rs 7,000 crore through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth Rs 4,000 crore and a sale of equity shares worth Rs 3,000 crore by its parent company, Bajaj Finance. This move is in compliance with the Reserve Bank of India's regulations, which require non-banking finance companies to be listed on stock exchanges by September 2025. The funds raised will be used to strengthen Bajaj Housing Finance's capital base. The company offers various mortgage products, such as home loans and loans against property.

Tata Steel, Hindalco, APL Apollo Tubes: 3 metal stocks to buy, share price targets

Business Today

Business Today · 1y ago

Tata Steel, Hindalco, APL Apollo Tubes: 3 metal stocks to buy, share price targets

Axis Securities recommends three metal stocks: Tata Steel, Hindalco, and APL Apollo Tubes. For Hindalco, the target price is Rs 710; for APL Apollo Tubes, it is Rs 1,750; and for Tata Steel, it is Rs 155.

IPO plans of WeWork India, PE-backed Indira IVF and Star Agriwarehousing hit a wall

VCCircle

VCCircle · 11m ago

IPO plans of WeWork India, PE-backed Indira IVF and Star Agriwarehousing hit a wall

The IPO plans of WeWork India, Indira IVF, and Star Agriwarehousing have faced setbacks. Indira IVF, backed by Swedish PE firm EQT, withdrew its IPO draft for unspecified reasons. Star Agriwarehousing's IPO documents were returned by SEBI, which involved fresh shares and an offer for sale by Temasek. Additionally, WeWork India's IPO application has been held in abeyance by the regulator, with plans to offload stakes from Embassy Group and WeWork Inc.

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