PRIVATE EQUITY

Exclusive: Utkarsh Micro Finance’s new funding to value it at $150 mn

August 26, 2016 | Bruhadeeswaran R

Varanasi-based Utkarsh Micro Finance Pvt Ltd is in an advanced stage of talks with several potential investors to raise funds that may value it twice what it was worth one-and-a-half years ago.

Edu-infra firm Cerestra to raise offshore fund, eyes InvITs

August 26, 2016 | TEAM VCC

Edu-infra firm Cerestra Advisors Ltd, which is raising a domestic fund with a target corpus of Rs 1,000 crore, is planning to tap into offshore investors in its second outing. 

How was Blackstone's part-exit from construction firm NCC

August 25, 2016 | TEAM VCC

Private equity giant Blackstone has started liquidating another of its loss-making investments in an Indian listed company.

Exclusive: Omni Hospitals starts second fundraise round; PE investor eyes debut exit

August 25, 2016 | Ranjani Raghavan & Joseph Rai

Hyderabad-based Omni Hospitals, which is backed by private equity firm ASK Pravi Capital Advisors, has initiated a second round of capital raise for further expansion which would involve an exit for its investor, a senior company executive said.

I Squared-IFC platform to buy road project from IL&FS Transportation for $21 mn

August 25, 2016 | Anuradha Verma

Singapore-based Cube Highways & Infrastructure Pte Ltd, a joint platform of private equity firm I Squared Capital and International Finance Corporation (IFC), has agreed to acquire a road project from IL&FS Transportation Networks Ltd for Rs 140.37 crore ($21 million).

Maini Precision gets private equity funding from Paragon Partners; skips IPO

August 24, 2016 | Ranjani Raghavan

Private equity firm Paragon Partners and unnamed co-investors have invested Rs 111 crore ($16.5 million) in Bangalore-based manufacturer and supplier of high-precision engineering components Maini Precision Products Pvt Ltd, it said on Wednesday.

NephroPlus raises $15 mn from SeaLink Capital, IFC

August 24, 2016 | Ranjani Raghavan

Dialysis chain NephroPlus Health Services Pvt. Ltd said on Wednesday it has raised Rs 100 crore (nearly $15 million) from private equity firm SeaLink Capital Partners and existing investor International Finance Corporation in a Series C round of fundraise.

Exclusive: Kautilya Finance set to seal third realty deal in India

August 24, 2016 | Swet Sarika

Kautilya Finance BV, a foreign portfolio investor registered with the Securities and Exchange Board of India, is in advanced talks to back a residential project in the National Capital Region (NCR) that would mark its third known investment in the Indian realty market, two people familiar with th

ChrysCapital explores exit from Eris Lifesciences

August 24, 2016 | Ranjani Raghavan

Private equity firm ChrysCapital is exploring options to exit Ahmedabad-based pharmaceutical company Eris Lifesciences Pvt. Ltd, two people familiar with the matter said. 

IFC to invest $125 mn in Hero Future Energies

August 24, 2016 | TEAM VCC

International Finance Corporation plans to make an equity investment of up to $125 million (Rs 840 crore) in Hero Future Energies Pvt. Ltd, the World Bank's private-sector arm said.

Piramal ties up with Bain Capital to invest in stressed assets

August 23, 2016 | TEAM VCC

Piramal Enterprises Ltd has tied up with Bain Capital Credit to jointly invest in distressed assets in India, as the billionaire Ajay Piramal-led company moves forward with its plans to back businesses that require restructuring after scrapping a similar venture.

Morgan Stanley Real Estate trims stake in Oberoi Realty

August 23, 2016 | Swet Sarika

Morgan Stanley Real Estate (Morgan Stanley RE), the real estate focused asset management arm of financial services giant Morgan Stanley, has part-exited its nine-year-old investment in Mumbai-based public listed developer Oberoi Realty Ltd.

Times Group, HT Media to pick stakes in dairy company Kwality

August 23, 2016 | Debjyoti Roy

Dairy company Kwality Ltd is raising an undisclosed amount in funding from media companies Bennett, Coleman & Co Ltd (BCCL) and HT Media Ltd. This is a rare instance of the two arch rivals investing together in a company.

Carlyle, Bain, others eyeing Claris' injectables business

August 23, 2016 | Ranjani Raghavan

Private equity firm Carlyle Group will tie up with a drug maker to bid for the injectables drugs business of Ahmedabad-based Claris Lifesciences Ltd, according to a report.

Quadria Capital's India Build-Out Fund partially exits HealthCare Global

August 22, 2016 | Joseph Rai

India Build-Out Fund (IBOF), an SME-focused PE fund chasing deals in the education and healthcare space, sold a part of its stake in the recently listed cancer treatment hospital chain HealthCare Global Enterprises Ltd (HCG).

Leading investors in the fray to pick a stake in Big Data firm Mu Sigma

August 22, 2016 | Bruhadeeswaran R

Several top global private equity firms and pension funds are among the bidders looking to acquire a significant minority stake in the US-incorporated Indian analytics company Mu Sigma Inc, media reports said.

WestBridge Capital invests more in crockery firm La Opala

August 19, 2016 | Bruhadeeswaran R

Public markets focused private equity firm WestBridge Capital Partners has hiked its stake in Kolkata-based manufacturer of semi-vitreous tableware and kitchenware La Opala RG Ltd, two years after investing in the company.

BCCL's Brand Capital backs online classifieds firm Quikr

August 19, 2016 | Priya Prasad

Online classifieds firm Quikr India Pvt. Ltd has secured Rs 130 crore ($19.4 million) from Brand Capital, the ad-for-equity investment arm of media conglomerate Bennett, Coleman and Company Ltd (BCCL).

TA Associates invests $140 mn in womenwear maker 'W'; Matrix Partners exits

August 19, 2016 | Debjyoti Roy

US-based private equity investor TA Associates Management Lp has invested $140 million (Rs 937 crore) in TCNS Clothing Co Pvt.

Exclusive: Anupam Rasayan in advanced talks to raise funds from US-based PE firm

August 18, 2016 | Ranjani Raghavan

Specialty chemicals manufacturer Anupam Rasayan India Ltd, which supplies ingredients to pharmaceutical and personal-care products companies, is in advanced talks to raise fresh capital from a US-based investor, two people familiar with the development told VCCircle.

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