Private Equity

PE Fund Investments

BPEA EQT acquires majority stake in IT Services firm Indium Software

Business Line  

BPEA EQT Mid-Market Growth Fund will acquire a majority stake in the Chennai-based Indium Software from existing shareholders. The transaction is expected to close in Q1 2024. Ram Sukumar, the company's co-founder, will continue to lead the firm as the chief executive officer. Indium, with about 3,000 employees, offers a wide range of services including Product Engineering, Low-Code Development, Data Engineering, Ai/ML, Digital Assurance, and Gaming. BPEA EQT Mid-Market Growth was advised by JSA, Deloitte, and PwC. Avendus Capital served as exclusive financial advisor and SAM & Co. served as legal counsel to Indium and its shareholders.