Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 229

TA Associates Announces Partnership with Indira IVF

Posted by fidest press agency su mercoledì, 17 aprile 2019

TA Associates, a leading global growth private equity firm, today announced that it has completed a significant minority investment in Indira IVF, a leading India-based infertility treatment provider. Financial terms of the transaction were not disclosed.
Founded in 2014 by Dr. Ajay Murdia, Dr. Kshitiz Murdia, Nitiz Murdia, Ashish Lodha and Manish Khatri, Indira IVF is one of India’s largest network of in-vitro fertilization (“IVF”) centers. The company offers a wide variety of infertility treatments, including advanced IVF technology. Indira IVF currently operates 59 centers across 16 states in India and has completed nearly 27,000 IVF cycles in the last 12 months. Indira IVF has a staff of 1,800, including more than 150 IVF specialists and 100 embryologists.
Research suggests that infertility affects 10-15% of married couples in India. Ernst & Young estimates that more than 25 million couples actively seeking children in 2015 were suffering from infertility-related issues. Industry estimates suggest that there are 150,000-250,000 IVF cycles being done annually in India, and Ernst & Young expects the industry to grow at nearly 20% annually.Naresh Patwari and Dhiraj Poddar will join the Board of Directors of Indira IVF as nominee directors of TA Associates Advisory Private Limited.Pioneer Legal (previously with DSK Legal) provided legal counsel and KPMG served as financial advisor to TA Associates. Veritas Legal provided legal counsel to Indira IVF. TA Associates Advisory Private Limited provided advisory services on the investment.

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