Motilal Oswal PE reaches second close of India Business Excellence Fund-II; Ropes in Squadron Capital

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Coming fresh from its partial exit in AU Financiers, Motilal Oswal Private Equity Advisors has made second close of its India Business Excellence Fund-II (IBEF-II) at Rs 490 crore (approx. $89 million). The firm has also roped in its first overseas institutional investor, Squadron Capital, as a limited partner.The second ......