Mid-market PE firm in talks to invest in commercial vehicle financier IKF

IKF Finance Ltd, a commercial vehicle finance firm backed by Motilal Oswal Private Equity, has signed a non-binding agreement with a homegrown mid-market private equity firm, two people close to the development told VCCircle. The Vijayawada, Andhra Pradesh-based non-banking financial company or NBFC, the persons said, has signed a term sheet ......