New Delhi, July 10 -- Swiss private equity firm Partners Group is set to acquire a majority stake in shadow lender Infinity Fincorp for Rs.1,950 crore ($230 million), the companies said on Thursday.

The transaction includes a primary capital infusion of Rs.600 crore ($70 million) and a secondary purchase of shares from existing shareholders, including Indium IV (Mauritius) Holdings, a fund advised by True North. The companies did not disclose the percentage of the stake being acquired.

Partners Group clinched the deal after outbidding rival private equity firms Advent International and Creador, both of which had also shown interest in acquiring a controlling stake in Infinity Fincorp.

The Rs.600 crore primary investment will help Infin...