IndoStar Capital Finance Limited, a leading non-banking financial company (NBFC), revealed its financial results for Q2 FY 25 on October 18, 2024. The company has reported consolidated assets under management (AUM) at ₹10,112 crore, reflecting a 6% quarter-on-quarter increase from ₹9,565 crore in Q1 FY25. Moreover, consolidated PAT soared by 28%, reaching ₹32 crore for […]
Global private equity firm EQT has made headlines with its acquisition of IndoStar Home Finance Private Limited for INR 1,750 crore (£174 million). This transaction not only highlights EQT’s increasing focus on India’s fast-growing housing finance sector but also signals the potential for a transformative shift in how affordable housing is funded in the country. […]
T-Mobile, recognized as America’s leading 5G provider and the fastest growing broadband provider, along with EQT, a global investment organization, announced the formation of a joint venture (JV) with EQT Infrastructure VI fund. This strategic initiative will acquire the fiber-to-the-home platform Lumos from EQT Infrastructure III, marking a significant move to expand high-speed fiber internet […]
EQT-backed BPEA Private Equity Fund VIII (BPEA EQT) has concluded the merger of Vistra with Tricor, another portfolio company in BPEA EQT Fund VIII’s holdings, creating a robust platform in corporate and fund services. The transaction places a combined enterprise value of $6.5 billion on the newly formed company. The merger yields a leading platform, […]
BPEA EQT Private Equity Fund VIII has agreed to acquire a controlling stake in Indira IVF, a pioneer in assisted reproductive technology (ART) services in India. The transaction sees current stakeholders, TA Associates and the Company’s founders—Dr. Ajay Murdia, Dr. Kshitiz Murdia, and Dr. Nitiz Murdia—retaining a substantial minority stake and continuing their leadership roles […]
EQT, through its EQT Infrastructure VI fund, has agreed to acquire a 60% stake in a newly formed entity, which will own and operate the mobile and fixed network infrastructure of Italian telecommunications company Wind Tre. The deal values the new company at €3.4 billion. CK Hutchison, which is the current owner of Wind Tre, […]
US-based cigarette company Philip Morris International (PMI) has offered to acquire British pharma company Vectura Group plc for about £852 million ($1.2 billion) in cash, in a move to accelerate its Beyond Nicotine strategy. As per the terms of the deal agreed with Vectura Group’s board, the company’s shareholders will be paid 150 pence per share. The […]
Danaher Corporation has agreed to acquire Aldevron, a North Dakota-based manufacturer of plasmid DNA, mRNA, and recombinant proteins, for nearly $9.6 billion from EQT Group’s EQT VIII fund (EQT Private Equity) and others. EQT Private Equity had acquired a majority stake in Aldevron in 2019, investing alongside TA Associates, the latter’s founders, and management. The […]
Swedish private equity company EQT has agreed to sell German technical facility management services provider Apleona Group to French private equity firm PAI Partners for around €1.6 billion. EQT is selling the business through its EQT VII fund. According to the Swedish private equity company, some of the shares in the proceeds will be shared […]