BPEA EQT private equity fund VIII, along with co-investor ChrysCapital, has agreed to acquire a 90% stake in HDFC Credila for INR 103.5bn ($1.4bn) from parent company HDFC, which will retain a 9.99% stake. Headquartered in Mumbai, the company is India’s largest non-bank education loan provider, serving tens of thousands of students every year. BPEA EQT will fund HDFC Credila’s next phase of growth, while maintaining a strong focus on postgraduate financing solutions for Indian students. The consortium aims to use EQT’s expertise in cyber security, credit underwriting, go-to-market capabilities, and digitalisation to grow the company’s footprint and academic partnerships while expanding its digital transformation.
EQT-Backed Consortium Set to Acquire India’s Largest Non-Bank Education Loan Specialist HDFC Credila, Revolutionizing Educational Opportunities for the Country’s Youth
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