The deal will help IndoStar Capital to focus on its core strengths of vehicle financing and small business loans.
EQT typically follows a fundraising cycle that ensures a smooth transition between funds.
The BPEA EQT Mid-Market Growth Partnership (MMG Fund), the most recent fund launched by private equity company EQT, has raised $1.6 billion, more than double its initial $750 million goal.
In 2022, Sweden's EQT acquired Baring Private Equity Asia in a $7.5-billion deal to expand its Asia footprint
On July 22, Moneycontrol was the first to report that BPEA EQT had the edge over others in the race for Indira IVF.
Indira IVF was founded by Dr. Ajay Murdia in 1988 and has since then scaled from a single clinic to a nation-wide network spanning 116 centers across 20 states in India