BPEA EQT-led Consortium (BPEA Private Equity Fund VIII) and ChrysCapital Acquire 90% of HDFC Credila
June 20, 2023
A BPEA EQT-led consortium (BPEA Private Equity Fund VIII), alongside co-investor ChrysCapital, agreed to acquire a 90% stake in HDFC Credila from Housing Development Finance Corporation Ltd. The consortium will infuse INR 20 billion of primary capital to support HDFC Credila’s growth, accelerate its digital transformation, and expand its footprint while HDFC will retain a 9.99% minority stake.
- Buyers
- BPEA Private Equity Fund VIII (BPEA EQT), ChrysCapital
- Targets
- HDFC Credila (Credila Financial Services Limited)
- Sellers
- Housing Development Finance Corporation Ltd. (HDFC)
- Industry
- Financial Services
- Location
- Maharashtra, India
- Transaction Type
- Buyout
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