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EQT-controlled Sagility acquires US firm BroadPath for $58 mn
VCCircle · 6m ago
Medial
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 · 1y ago
Medial
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 · 1y ago
Medial
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 · 6m ago
Medial
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.
Bajaj Housing Finance files papers for Rs 7,000-cr IPO
YourStory · 1y ago
Medial
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 · 5m ago
Medial
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.
PE firm Trident Growth Partners lays out timeline for closing inaugural fund
VCCircle · 2m ago
Medial
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.
Credila backer EQT pockets big cheque from returning LP for new Asia fund
VCCircle · 5m ago
Medial
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.
Multiples PE-backed Vastu Housing raises fresh capital from foreign investor
VCCircle · 1y ago
Medial
Multiples Private Equity-backed mortgage lender, Vastu Housing Finance Corporation, has secured funding from an international development finance body to cater to the housing credit needs of low-income groups and women. The Mumbai-based firm aims to address the demand for housing finance that specifically targets women. Vastu Housing Finance Corporation focuses on providing mortgages for affordable homes.
IPO plans of WeWork India, PE-backed Indira IVF and Star Agriwarehousing hit a wall
VCCircle · 4m ago
Medial
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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