Brief: EQT-BPEA Led Consortium To Acquire HDFC Credila for $1.26 Bln Pre-Money Valuation

Housing Development Finance

20/06/2023 03:08

June 19 (Reuters) - EQT Ab  EQTAB.ST :
    * BPEA EQT LED CONSORTIUM TO ACQUIRE HDFC CREDILA - INDIA'S
LARGEST NON-BANK EDUCATION LOAN SPECIALIST, ENABLING ACADEMIC
STUDIES FOR THE COUNTRY'S GROWING YOUNG POPULATION
    * BPEA PRIVATE EQUITY WITH PARTNER CO-INVESTOR CHRYSCAPITAL
TO
ACQUIRE A 90 PERCENT STAKE OF HDFC CREDILA FOR INR 103.5 BILLION
PRE-MONEY VALUATION
    * BPEA EQT LED CONSORTIUM WILL INFUSE INR 20 BILLION OF
PRIMARY
CAPITAL IN HDFC CREDILA TO SUPPORT ITS NEXT PHASE OF GROWTH
    * SAYS TO ACQUIRE STAKE FROM PARENT COMPANY HOUSING
DEVELOPMENT
FINANCE CORPORATION LTD. WHICH WILL RETAIN A 9.99 PERCENT STAKE
    * WITH THIS TRANSACTION, BPEA PRIVATE EQUITY FUND VIII IS
EXPECTED
TO BE 25-30 PERCENT INVESTED

Source text for Eikon:  ID:nWkr6GJP0Z 
Further company coverage:  EQTAB.ST 

 ((Reuters.Briefs@thomsonreuters.com;))