PRIVATE EQUITY

Creador sheds additional stake in Cholamandalam Investment & Finance

May 27, 2016 | TEAM VCC

Creador, a private equity firm focused on South and Southeast Asia, has sold additional stake in its four-year-old investment in Murugappa Group’s non-banking financial company (NBFC) Cholamandalam Investment & Finance Co. Ltd by selling over one-third of its stake.

Samara Capital to exit Asian Oilfield with over 50% loss

May 26, 2016 | Anuradha Verma

Private equity fund Samara Capital Partners has agreed to sell its entire 56.32% stake in Asian Oilfield Services Ltd to Mumbai-headquartered energy exploration company Oilmax Energy for close to Rs 30 crore with a loss of over 50%, as per a stock exchange filing.

Carlyle raising fifth Asia growth fund

May 25, 2016 | Anuradha Verma

Private equity firm Carlyle Group LP is looking to raise its fifth Asian growth fund Carlyle Asia Growth Partners V, LP to back fast-growing companies across regions, according to a filing with the Securities and Exchange Commission (SEC).

CPPIB's India exposure rises fastest among all global markets

May 25, 2016 | Rachit Vats

Canada Pension Plan Investment Board (CPPIB), which has invested about $2 billion in India since 2010, saw its exposure to the rupee rise fastest among all other global currencies, reflecting its fast-paced investment activity in the country during the last financial year.

Exclusive: Rabo eyes exit from rice marketer LT Foods and Daawat via secondary PE deal

May 25, 2016 | Debjyoti Roy

Food and agri-focused private equity firm Rabo Equity Advisors is putting together plans to exit its more-than-six-year-old investment in public-listed rice exporter and marketer LT Foods Ltd, a top company executive told VCCircle.

Red Fort Capital, Proprium Capital exit Parsvnath project

May 25, 2016 | PTI

Parsvnath Developers has given exits to private equity firms like Red Fort Capital and Proprium Capital through buy-back of their investments in its office building near Connaught Place for nearly Rs 500 crore.

Milestone Capital exits Neptune group’s Swarajya project at $42 mn

May 25, 2016 | Anuradha Verma

Home-grown real estate-focused private equity firm Milestone Capital has exited its investment in Neptune group’s Swarajya project in Mumbai with an exit value of Rs 280 crore (around $42 million).

Exclusive: Xander, KKR may back school chain operator JGI Group’s Africa entry

May 24, 2016 | Debjyoti Roy

Jain Group of Institutions (JGI), the Bangalore-based operator of schools and colleges, will enter Africa this year to expand its footprint and is in talks with a clutch of high-profile investors to finance its plans, its founder and chairman said.

Nalanda Capital to raise $620 mn afresh

May 23, 2016 | Anuradha Verma

Nalanda Capital, a Singapore-based PE-style investment firm that focuses on public markets, has hit the road to raise $620 million afresh, according to a filing with the US market regulator Securities and Exchange Commission (SEC).

KKR invests $21.5 mn in Mantri Developers' Bangalore project

May 20, 2016 | TEAM VCC

Bangalore-based Mantri Developers Pvt Ltd said on Friday it has signed a definitive agreement to raise Rs 145 crore from private equity firm KKR & Co Ltd.

Advent and Temasek make $251 mn open offer for Crompton Greaves Consumer

May 20, 2016 | Anuradha Verma

Private equity investor Advent International Corp and Temasek Holdings Pvt.

IFC to invest $68 mn in Apollo Health

May 20, 2016 | TEAM VCC

International Finance Corporation plans to invest about $68 million (Rs 458 crore) via equity in Apollo Health and Lifestyle Ltd to help it expand its network of smaller-format healthcare centers.

IFC to invest $20 mn in Future Consumer

May 20, 2016 | TEAM VCC

International Finance Corporation (IFC) will invest $20 million (Rs 134 crore) through equity-linked instruments in Future Consumer Enterprise Ltd, the Indian company said on Friday.

Exclusive: Realty PE firm Fire Capital on the block

May 19, 2016 | Swet Sarika

Fire Capital, the first India-focused real estate private equity firm, is up for sale as it has hit a dead end with its portfolio of mega township projects, two people close to the development told VCCircle.

India second most preferred destination for global LPs: EMPEA survey

May 19, 2016 | Anuradha Verma

India jumped two places to emerge as the second most preferred destination for global Limited Partners (LPs) in 2016 but high entry valuations and weak exit environment deter investors, a survey has showed.

Exclusive: Kautilya Finance invests in Shree Vardhman Developers

May 18, 2016 | TEAM VCC

Kautilya Finance BV, an Amsterdam-based fund managed by real estate investment firm Aevitas Property Partners, has backed an ongoing residential project of Shree Vardhman Developers, two people familiar with the development told VCCircle. 

PE exits slump to three-year low in Jan-March

May 18, 2016 | Rachit Vats

Private equity investors in India are finding it tougher to strike exit deals with the number of such transactions in the January-March period of 2016 falling to the lowest level in at least 13 quarters.

Maiyas Beverages raises $30 mn from Peepul Capital

May 18, 2016 | Debjyoti Roy

Bengaluru-based packaged foods company Maiyas Beverages and Foods Pvt Ltd has raised Rs 200 crore (about $30 million) from investors led by private equity firm Peepul Capital, a person involved in the transaction told VCCircle.

Exclusive: CX Partners’ next move in Sutures India

May 17, 2016 | Debjyoti Roy

India-focused private equity firm CX Partners is all set to sell its remaining stake in health care supplies firm Sutures India Pvt Ltd by the middle of this year. The PE firm currently holds 13.62% stake in the Bangalore-based manufacturer of surgical products.

Assetz picks up stake in realty PE firm Avenue, to launch $150 mn fund

May 17, 2016 | Anuradha Verma & Swet Sarika

Singapore-based developer Assetz Property Group has acquired a stake in Avenue Venture Partners, a real estate private equity firm in Mumbai, to enter the fund management business.

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