M&A Deal Summary

EQT Acquires Indostar Home Finance

On September 19, 2024, private equity firm EQT acquired financial services company Indostar Home Finance from Indostar Capital for 17.5B INR

Acquisition Highlights
  • This is EQT’s 5th transaction in the Financial Services sector.
  • This is EQT’s 39th largest (disclosed) transaction.
  • This is EQT’s 4th transaction in India.

M&A Deal Summary
Date 2024-09-19
Target Indostar Home Finance
Sector Financial Services
Buyer(s) EQT
Sellers(s) Indostar Capital
Deal Type Divestiture
Deal Value 17.5B INR

Target

Indostar Home Finance

Mumbai, India
Indostar Home Finance provides mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 39,000 low-income homeowners and small businesses. The Company has more than 130 branches spread across nine states. Indostar Home Finance was formed in 2017 and is headquartered in Mumbai.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 311 of 315
Sector (Financial Services) 5 of 5
Type (Divestiture) 51 of 51
Country (India) 4 of 4
Year (2024) 16 of 20
Size (of disclosed) 39 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Open Systems

Zurich, Switzerland

Open Systems is one of the major Secure SD-WAN-as-a-service providers in Europe and the US. Open Systems secures and monitors IT networks and business-critical applications for global enterprises, NGOs, and institutions. Open Systems was founded in 1990 and is based in Zurich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Dunlop

Raalte, Netherlands

Dunlop serves professionals in the agriculture & fishery, food processing, functional leisure, industry, and oil, gas & mining sectors. The company boots guard workers against slips, trips, and falls while providing comfort and functionality in harsh operating environments. Dunlop Protective Footwear is based in Raalte, Netherlands.

Sell -

Seller(S) 1

SELLER

Indostar Capital

Mumbai, India
Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

Indostar Capital is a Non-Banking Financial Company focused on collateralized lending to Indian corporate clients. Indostar Capital was founded in 2006 and is based in Mumbai, India.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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