PRIVATE EQUITY

Exclusive: Shubham Housing hires banker to raise PE funding

September 30, 2016 | Bruhadeeswaran R

Shubham Housing Development Finance Company Pvt. Ltd has started a process to raise its fourth round of private funding, as the Gurgaon-based mortgage lender looks to meet demand for small-ticket loans and grow its balance sheet, a top executive told VCCircle.

ICICI Venture’s gameplay buoys it as top homegrown PE firm again

September 30, 2016 | Ranjani Raghavan

As one of the first-generation private equity firms in India, ICICI Venture has an enviable past with a strong mid-market investment franchise.

Exclusive: Developer Vatika Group dials KKR, others for funds

September 29, 2016 | Swet Sarika

Vatika Group is seeking debt funding from companies including global alternative investment giant KKR to complete a bunch of residential projects and let an existing investor exit, two people familiar with the development told VCCircle.

Nandan Denim to raise $15 mn via warrants for expansion

September 28, 2016 | Joseph Rai

Indian denim fabric maker Nandan Denim Ltd said on Wednesday it aims to raise Rs 100 crore ($15 million) through an issue of warrants to foreign investors to fund its expansion.

SAIF Partners reverses gear to invest in Just Dial

September 28, 2016 | Joseph Rai

Multi-stage private investment firm SAIF Partners, which has made a series of part exits from one of its most profitable investments in India, Just Dial Ltd, has gone back and invested in the firm afresh.

How much returns Kotak PE generated from Minda Corp part-exit

September 28, 2016 | Ranjani Raghavan

Kotak Private Equity, the alternative investment arm of Kotak Mahindra Bank, has sold part of its stake in a portfolio firm in which it had invested from a legacy fund raised in 2007.

Everstone looks to exit architectural hardware firm Ozone Overseas

September 28, 2016 | Debjyoti Roy

Ozone Overseas Pvt. Ltd, a supplier of high-end architectural fittings and urban street infrastructure, is aiming to raise growth capital in a round that will also provide an exit to its existing private equity investor Everstone Capital. 

Fairwinds PE eyes exit from footwear retailer Khadim

September 28, 2016 | Debjyoti Roy

Private equity investor Fairwinds Private Equity is looking to exit its three-year-old investment in domestic footwear retailer Khadim India Ltd, according to a report.

CDC invests $50 mn more in RBL Bank

September 27, 2016 | Bruhadeeswaran R

Private lender RBL Bank Ltd has raised debt funding worth Rs 330 crore ($50 million) as tier II capital from UK-based development finance institution, CDC Group Plc (CDC), it said on Tuesday.

Exclusive: Sumer Group gives exit to Altico Cap, mulls PE funding

September 27, 2016 | Swet Sarika

Mumbai-based developer Sumer Group has raised loans from banks to give an exit to non-banking financial company (NBFC) Altico Capital and is looking at debt funding from private equity firms for its projects, a top executive told VCCircle.

L&T Finance Holdings in talks with Bain, others to sell PE portfolio

September 27, 2016 | Bruhadeeswaran R

L&T Finance Holdings Ltd is in talks with several bulge-bracket investors such as Bain Capital LLC, Canada Pension Plan Investment Board (CPPIB) and emerging market-focused PE firm NewQuest Capital Partners to sell its private equity portfolio, according to a report.

Ambit Pragma invests in Vidal Healthcare

September 27, 2016 | Joseph Rai

Mid-market private equity firm Ambit Pragma Ventures Pvt. Ltd said on Tuesday it has invested in health management company Vidal Healthcare Services Pvt. Ltd.

How much Everstone Capital made in Centrum part-exit

September 26, 2016 | Bruhadeeswaran R

Private equity firm Everstone Capital has part-exited its eight-year-old investment in Mumbai financial services firm Centrum Capital, taking advantage of the rally on the stock since April. Centrum scrip, which hit its lowest level since 2007 last December, has

Mufti brand’s promoter eyes stake sale, hires I-banker

September 26, 2016 | Debjyoti Roy

The shareholders of Mumbai-based men’s apparel firm Credo Brands Marketing Pvt. Ltd, which is behind the brand Mufti, is looking to sell a controlling stake in the company and has hired an investment banker to look for prospective buyers, according to a report.

Exclusive: Cipla BioTec hires banker for biggest PE fundraise in biosimilar space

September 23, 2016 | Ranjani Raghavan

Cipla BioTec Pvt Ltd, the bio-similar firm incubated by pharmaceuticals giant Cipla Ltd to develop anti-cancer drugs, has initiated the process for a large private equity funding, a top company executive told VCCircle.

Essel Highways seeks debt funding from Aion Capital

September 23, 2016 | Bruhadeeswaran R

Essel Highways Ltd, a subsidiary of Essel Infraprojects Ltd, is looking to secure Rs 400 crore ($60 million) from special situations fund Aion Capital Partners, a joint investment platform of Apollo Global and ICICI Venture.

Exclusive: Shriram Properties set to ink this year’s biggest realty deal

September 23, 2016 | Swet Sarika

Shriram Properties Pvt. Ltd’s long-pending deal to sell an information technology special economic zone (SEZ) project in Chennai seems to be reaching a closure, in what would be the biggest real estate transaction in the country this year.

Exclusive: Helion-backed iD Fresh Food in talks with two investors to raise capital

September 22, 2016 | Debjyoti Roy & Swet Sarika

Ready-to-cook packaged food company iD Fresh Food (India) Pvt. Ltd is in an early stage of talks with two 

high-profile investors to raise a big chunk of capital and has also hired an investment banker to formalise the process, a person privy to the development told VCCircle.

Exclusive: ICICI Venture raises bulk of fourth sector-agnostic private equity fund

September 22, 2016 | Ranjani Raghavan

ICICI Venture, the private equity arm of India's largest private-sector lender ICICI Bank, has raised majority of its targeted corpus under its new sector-agnostic fund and is now looking to wrap up the fundraising process over the next one year.

Exclusive: Kedaara Capital scraps talks to buy into RG Stone; other PE firms in fray

September 22, 2016 | Debjyoti Roy

Private equity firm Kedaara Capital has called off negotiations to acquire India Equity Partners’ (IEP) stake in RG Stone Urology Research Institute, which runs a chain of urology and laparoscopy hospitals, a person privy to the development told VCCircle.

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