BPEA EQT to pick up majority stake in Indira IVF

28 Jul 2023 , 12:12 PM

EQT, based in Sweden, stated on July 28 that BPEA Private Equity Fund VIII has agreed to purchase a controlling stake in Indira IVF from TA Associates and the Company’s founders, Dr. Kshitiz Murdia, Dr. Ajay Murdia, and Dr. Nitiz Murdia. The founders will retain a large minority ownership in the company and continue to run it.

Earlier, it was reported that BPEA EQT has the upper hand over other bidders in the bid to purchase Indira IVF in a deal valued at roughly $1 billion.

Dr. Ajay Murdia launched Indira IVF in 1988 and has since grown from a single clinic to a statewide network of 116 sites spread across 20 Indian states.

Today, the company is the market leader in ART services in India, completing around 40,000 IVF cycles each year, making it the largest player in India and one of the top five players globally. Indira IVF has successfully assisted over 125,000 couples in their pregnancy quest to date.

As a result of this transaction, BPEA Private Equity Fund VIII is expected to be invested about 35-40%.

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