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PE/VC fundraising doubles propelled by HDFC Credila
Mint Mumbai
|June 26, 2023
Total funding raised by private equity and venture capital (PE/VC) T firms more than doubled last week to $1.22 billion from $569 million in the previous week lifted by the big-ticket buyout of HDFC Credila.
The lending arm of Housing Development Finance Corporation (HDFC) Ltd was acquired by buyout group BPEA EQT and homegrown PE firm ChrysCapital for $1.1 billion (₹9,060.5 crore). ChrysCapital committed Rs 2,000 crore for the deal.
Apart from the HDFC Credila deal, mid-size transactions dominated deal momentum during the week ended 23 June.
The number of deals marginally fell week-on-week, to 21, according to data collated by VCCircle.
Denne historien er fra June 26, 2023-utgaven av Mint Mumbai.
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