M&A Deal Summary

EQT Private Capital Asia Acquires Indira IVF

On July 28, 2023, private equity firm EQT Private Capital Asia acquired healthcare services company Indira IVF from TA Associates

Acquisition Highlights
  • This is EQT Private Capital Asia’s 4th transaction in the Healthcare Services sector.
  • This is EQT Private Capital Asia’s 9th transaction in India.

M&A Deal Summary

Date 2023-07-28
Target Indira IVF
Sector Healthcare Services
Buyer(s) EQT Private Capital Asia
Sellers(s) TA Associates
Deal Type Secondary Buyout

Target

Indira IVF

Udaipur, India
Indira IVF is a fertility hospital serving a network spanning 116 centers across 20 states in India. The company provides Assisted Reproductive Technology services in India and completes approximately 40,000 IVF cycles annually. Indira IVF was founded in 1988 and is based in Udaipur, India.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 61 of 69
Sector: Healthcare Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 14 of 16
Country: India M&A 9 of 9
Year: 2023 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Tricor

Hong Kong, China

Tricor is a corporate services provider across 20 markets globally, with a strong presence in 13 markets in the APAC region. It offers a range of services across accounting and payroll for MNCs and SMEs, corporate governance and secretarial services for both listed and unlisted companies, and investor and share registry services. Tricor was founded in 2000 and is based in Hong Kong, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 VetPartners

Macquarie Park, Australia

VetPartners is a provider of veterinary services ranges from basic preventative healthcare advice and services, through to higher acuity complex surgery. VetPartners was founded in 2016 and is based in Macquarie Park, Australia.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 253 of 260
Sector: Healthcare Services M&A 18 of 18
Type: Secondary Buyout M&A Deals 48 of 50
Country: India M&A 9 of 10
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Certinia

Austin, Texas, United States

Certinia is a cloud ERP and PSA provider. Certinia offers customer-centric business applications on the cloud platform from Salesforce. Certinia was founded in 2009 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 epassi

Espoo, Finland

epassi is a provider of mobile payments and offers a comprehensive, high-quality service for managing non-taxable employee benefits. epassi was founded in 2007 and is based in Espoo, Finland.

Buy -