by Staff Writers at Mint

“Mumbai: Private equity firm BPEA EQT has acquired 60% of Indira IVF Hospital Pvt. Ltd, India’s largest chain of fertility clinics, from TA Associates and the fertility company’s founders at a valuation of about $1.1 billion, according to two people familiar with the transaction.

On Friday, the companies confirmed the transaction without disclosing financial details. BPEA is expected to pay over $600 million for this deal, the people said, requesting anonymity. Indira IVF founders Ajay Murdia, Kshitiz Murdia and Nitiz Murdia will retain a significant minority stake and continue to lead the company. Private equity firm TA Associates, which first picked up a minority stake in 2019 for an undisclosed sum, will exit the company with the transaction…”

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