PRIVATE EQUITY

Exclusive: Public markets-focused Kitara Capital raises fresh corpus for India deals

December 08, 2016 | Debjyoti Roy

Mumbai-based private equity firm Kitara Capital Pvt. Ltd, which is focused on investing in public market firms, has raised a big chunk of money from several investors to invest in India, a person privy to the development told VCCircle.

Exclusive: IVFA earns above-average return on partial exit from healthcare firm

December 07, 2016 | Joseph Rai

Private equity firm India Value Fund Advisors (IVFA), which raised a new fund last year and has been simultaneously looking to exit investments from its previous funds, is looking to make a fairly quick churn from one of its youngest portfolio firms.

Bala Naidu quits Baring PE Asia; floats $600 mn multi-asset investment firm

December 07, 2016 | Ranjani Raghavan

Baring Private Equity Asia managing director Lakshmiah Balachandra Naidu has quit the firm to set up an Asia-focussed multiple asset class investment platform, a person briefed on the development told VCCircle.

Edelweiss leads Series A funding round in car rental venture Revv

December 07, 2016 | Disha Sharma

The company did not reveal how much it raised in equity but said it was a Series A round, led by Edelweiss Private Equity.

The undisclosed debt funding was raised from financing partners Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India. 

Exclusive: Arpwood Capital makes first close for new private equity fund

December 06, 2016 | Ranjani Raghavan

Arpwood Capital, a boutique investment banking and advisory firm floated by former Carlyle India head Rajeev Gupta, has hit a fundraising milestone for its second private equity fund, a person close to the development told VCCircle.

Exclusive: Top global PE firms in race to buy into facilities management firm BVG

December 06, 2016 | Bruhadeeswaran R

Pune-based integrated facility management firm BVG India Ltd is talking to several marquee investors for a deal that will see private equity firm 3i Group Plc exit the company, said a person close to the development. 

Exclusive: ASK Pravi invests in Chennai dairy company

December 05, 2016 | Debjyoti Roy

ASK Pravi Capital Advisors, a joint venture between ASK Group and Pravi Capital, has invested an undisclosed amount in a Chennai-based dairy firm, a person privy to the development told VCCircle.

Exclusive: Amicus Capital hits first close for maiden private equity fund

December 04, 2016 | Ranjani Raghavan

Amicus Capital Partners, a Bangalore-based mid-market focussed private equity firm launched last year, has marked the first close for its maiden fund, a person privy to the development told VCCircle.

Exclusive: Financial services firm IFMR Capital courts top PE firms for fresh deal

December 01, 2016 | Bruhadeeswaran R

Chennai-based non-banking financial company (NBFC) IFMR Capital Finance Pvt. Ltd, which recently closed a second round of institutional funding from Eight Roads Ventures, has received interest for a fresh private equity deal, two persons close to the development told VCCircle.

Exclusive: Assetz Property may seal platform deal for commercial assets

December 01, 2016 | Swet Sarika

Platform deals, which allow investors and developers to come together for a bunch of projects, have become the norm in the real estate ecosystem and the latest developer to explore this deal structure is Singapore-headquartered Assetz Property.

IFC invests $65.8 mn in Apollo Health & Lifestyle

December 01, 2016 | Ranjani Raghavan

International Finance Corporation (IFC) has invested Rs 450 crore ($65.8 million) in Apollo Health & Lifestyle Ltd (AHLL) in return for a 29.03% stake, the company informed stock exchanges. 

The investment values the firm at Rs 1,550 crore.

Exclusive: Phi Capital to invest in ayurvedic healthcare firm

November 30, 2016 | Joseph Rai

Private equity firm Phi Capital, which invests in small and mid-sized Indian businesses, is investing in a Tamil Nadu-based ayurvedic healthcare firm as a section of Indian consumers increasingly turn to alternative medicines to improve their lifestyle.

Malaysian sovereign fund Khazanah exits IDFC Bank

November 30, 2016 | TEAM VCC

Khazanah Nasional Berhad has sold all its stake in IDFC Bank Ltd, saying goodbye to its nearly decade-long investment in IDFC Group. It sold around 2.36% stake in IDFC Bank for Rs 550 crore ($80 million) through a bulk deal on Wednesday.

SARE Homes raises $63.5 mn from Altico Capital, KKR

November 30, 2016 | TEAM VCC

Realty developer SARE Homes has raised Rs 435 crore (around $63.5 million) from non-banking financial company (NBFC) Altico Capital and global investment firm KKR for a township project in National Capital Region (NCR), the Indian investment firm said in a statement.  

Piramal invests $110 mn more in Adarsh Developers

November 30, 2016 | Swet Sarika

Piramal Fund Management, the real estate-focused investment arm of Piramal Enterprises Ltd, has invested Rs 750 crore (about $110 million) across a bunch of projects of Bangalore-based Adarsh Developers.

Exclusive: Somerset Health Capital invests in nutritional supplements firm

November 29, 2016 | Ranjani Raghavan

Somerset Health Capital Advisors Pvt. Ltd, a healthcare-focused private equity firm that is on the road to raise its second fund, has invested an undisclosed amount in a Mumbai-based nutritional supplements company, two persons close to the development told VCCircle.

Exclusive: India Equity Partners logs out of another loss-making bet

November 28, 2016 | Joseph Rai

Private equity firm India Equity Partners, which has not made any investment in a new company since 2012 as it seeks to find buyers for its stake in a bunch of portfolio firms, has logged another gloomy exit.

ACME Cleantech raises funds from Piramal and APG; foreign investors exit

November 25, 2016 | Bruhadeeswaran R

Delhi-based ACME Cleantech Solutions Pvt. Ltd, which provides infrastructure services to the telecom sector, has raised Rs 500 crore ($73 million) from billionaire Ajay Piramal-controlled Piramal Enterprises Ltd and Dutch pension fund APG Asset Management NV.

Exclusive: Samara Capital makes blueprint for new private equity fund

November 25, 2016 | Debjyoti Roy

Mid-market private equity firm Samara Capital Management Ltd has charted out a plan to exhaust the remaining corpus of the second fund over the next year and hit the road again for the third time, a person privy to the development told VCCircle.

Exclusive: Former Hinduja Realty chief floats PE fund, out to manage stressed projects

November 24, 2016 | Swet Sarika

A former top executive of Hinduja Realty Ventures Ltd, the real estate development arm of business conglomerate Hinduja Group, has floated a real estate-focused private equity fund under a newly created venture, people familiar with the development told VCCircle.

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