PRIVATE EQUITY

How much 3i made in full exit from UFO Moviez

July 22, 2016 | TEAM VCC

UK-based private equity firm 3i that has ceased to make fresh investments in India has exited its almost decade-old investment in digital cinema firm UFO Moviez Ltd by selling its entire 10% stake in the firm.

Exclusive: TVS Group raises fresh PE funding for multi-brand car servicing chain

July 22, 2016 | Debjyoti Roy

TVS Automobile Solutions Ltd, which operates a multi-brand car servicing chain under the MyTVS brand, is raising fresh funding from a private investor besides the parent group, to expand its operations, two persons privy to the development told VCCircle.

Exclusive: Norwest harvests big returns from another Indian financial services firm

July 21, 2016 | TEAM VCC

Multi-stage private investment firm Norwest Venture Partners (NVP) that exited India's fifth-largest private lender Yes Bank Ltd early this year, has marked another big liquidity event from the financial services sector in the country.

Exclusive: Siddharth Parekh's PE fund to invest more in construction firm Capacite

July 21, 2016 | Swet Sarika

The maiden private equity fund of HDFC Ltd chairman Deepak Parekh’s son Siddharth and some other investors have committed to infuse fresh capital in construction startup Capacite Infraprojects Pvt. Ltd, two people familiar with the development told VCCircle.

PE firm Multiples in talks to invest in Encube Ethicals

July 21, 2016 | Joseph Rai

Multiples Alternate Asset Management Pvt. Ltd is in advanced talks to invest in contract development and manufacturing firm Encube Ethicals Pvt. Ltd, in a deal that will be the private equity firm's second investment in the healthcare sector.

Beer maker B9 Beverages close to raising funds from TR Capital

July 21, 2016 | Debjyoti Roy

Craft beer maker B9 Beverages Pvt. Ltd, which markets the brand Bira 91, is close to raising $10 million (Rs 67 crore) from Hong Kong-based TR Capital to fund its expansion plans.

Blackstone sells 7.4% stake in Gokaldas Exports at huge loss

July 20, 2016 | TEAM VCC

Private equity giant Blackstone has sold another large chunk of shares in garment exporter Gokaldas Exports Ltd as it looks to gradually liquidate one of its loss-making investments in India.

CDC to invest $150 mn in India Infoline Finance

July 20, 2016 | TEAM VCC

CDC Group Plc, the UK government-owned development finance institution, will invest Rs 1,000 crore ($150 million) in the non-banking financial arm of IIFL Holdings Ltd, the Indian company said on Wednesday.

Saudi conglomerate sets valuation benchmark for Aster DM Healthcare

July 20, 2016 | Ranjani Raghavan

Saudi Arabian conglomerate Al Rashed Group that quietly struck the single biggest foreign investment in an Indian healthcare services firm also helped hospital chain firm Aster DM Healthcare Ltd set a valuation floor ahead of its initial public offer (IPO).

Brookfield plans to invest $1 bn in stressed assets JV with SBI

July 20, 2016 | Ranjani Raghavan

Canada's Brookfield Asset Management Inc plans to put in about Rs 7,000 crore ($1.04 billion) into a planned joint venture with State Bank of India that will invest in distressed assets, India’s largest lender said on Wednesday.

Exclusive: IDFC Alternatives invests in Mumbai residential project

July 19, 2016 | Swet Sarika

The real estate investment arm of asset management company IDFC Alternatives has invested in an ongoing residential project of Mumbai-based developer Rajesh LifeSpaces Pvt. Ltd through non-convertible debentures (NCDs), it is learnt.

TPG Growth invests $33 mn in hospital chain Motherhood

July 19, 2016 | Joseph Rai

TPG Growth said on Tuesday it has invested $33 million (Rs 220 crore) in Rhea Healthcare Pvt. Ltd, which runs a chain of mother- and child-care hospitals under the brand Motherhood, for a significant majority stake.

Exclusive: Yellow Diamond chips maker raises PE funding

July 15, 2016 | Debjyoti Roy

Prataap Snacks Pvt. Ltd, the maker of Yellow Diamond Chips, has raised another round of external funding before going ahead with a rumoured initial public offer (IPO), a person privy to the transaction said.

New Silk Route PE exits VRL Logistics

July 15, 2016 | TEAM VCC

Private equity firm New Silk Route (NSR) has exited from its four-year-old investment in goods and passenger transport services provider VRL Logistics Ltd, selling its remaining 5.16% stake for Rs 147 crore ($22 million) on Friday.

WestBridge raises stake in Relaxo Footwears

July 14, 2016 | Debjyoti Roy

Public markets-focused private equity firm WestBridge Capital Partners, which has marked its third investment this year with Relaxo Footwears Ltd, has increased its stake in the listed footwear maker in a recent deal.

Nalanda Capital almost exits Carborundum with average returns

July 13, 2016 | TEAM VCC

Nalanda Capital, an India-focused PE-style investor in public equities, has sold bulk of its holding in Murugappa Group's abrasives company Carborundum Universal Ltd, pulling the plug on one of its oldest bets in the country.

Exclusive: Several PE firms invest in Suryoday Microfinance

July 13, 2016 | Bruhadeeswaran R

A clutch of private equity firms have invested in Suryoday Microfinance Pvt. Ltd to shake up its shareholding structure and make it compliant to operate as a small finance bank, four persons privy to the development told VCCircle.

Former ICICI Venture exec targets first close of new realty fund around $35 mn

July 13, 2016 | Swet Sarika

First Eagle Capital Advisors Pvt. Ltd, the asset management firm floated by former ICICI Venture executive Sudarshan Bajoria, is aiming to hit first close of its maiden real estate fund around Rs 200-250 crore ($30-37 million).

Dairy firm Kwality raises $77 mn from KKR

July 13, 2016 | Debjyoti Roy

India's largest private dairy firm by revenues Kwality Ltd has raised Rs 520 crore ($77.4 million) from alternative investment giant Kohlberg Kravis Roberts & Co Ltd (KKR) in a structured finance transaction to boost its consumer facing business, it said on Wednesday.

Brookfield raises largest $14 bn infrastructure fund

July 13, 2016 | TEAM VCC

Brookfield Asset Management Inc. has raised $14 billion for a new infrastructure fund that exceeded its target by 40%, the Canadian asset manager said.

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