Motilal Oswal PE fund invests in branded staple food firm Ganesh Grains

October 25, 2016 | Joseph Rai

The funds managed by MOPE Investment Advisors Pvt. Ltd (MOPE), the PE arm of Motilal Oswal Financial Services Ltd, have invested Rs 100 crore ($15 million) in branded staple food manufacturer and marketer Ganesh Grains Ltd for a significant minority stake.

Multiples PE to invest $110 mn in Arvind Fashions

October 25, 2016 | Joseph Rai

Textile company Arvind Ltd said on Tuesday Multiples Alternate Asset Management Pvt. Ltd has agreed to buy a 10% stake in its brand business arm for Rs 740 crore ($110 million).

TPG back as front runner for buying ICICI Home Finance

October 24, 2016 | Bruhadeeswaran R

Buyout firm TPG Capital has again emerged as the front runner to acquire ICICI Home Finance Company Ltd, the mortgage lending arm of India’s top private-sector lender, two people close to the development told VCCircle.

NewQuest, Infina invest $21 mn in Paragon Partners-backed Capacite, Maini Precision

October 24, 2016 | Ranjani Raghavan & Swet Sarika

Paragon Partners said on Monday that Infina Finance Pvt. Ltd and private equity firm NewQuest Capital Partners have invested $21 million (Rs 140 crore) in two of its portfolio companies, Capacit'e Infraprojects Ltd and Maini Precision Products Ltd.

Exclusive: Blackstone in early talks to buy mall in Delhi-NCR

October 24, 2016 | Swet Sarika

Private equity giant Blackstone Group seems to be repeating its strategy for office space in India’s retail real estate market.

IDFC Alternatives to buy three solar projects from Punj Lloyd

October 24, 2016 | Bruhadeeswaran R

IDFC Alternatives, the asset management arm of infrastructure-focused lender IDFC Ltd, is buying three solar projects in Punjab and Rajasthan from engineering and construction company Punj Lloyd, adding to the slew of renewable energy investments its holds on its platform.

Everstone buys majority stake in Rubicon Research; Kotak PE exits

October 24, 2016 | Joseph Rai

Private equity firm Everstone Group said it has bought a 70% stake in drug delivery technology company Rubicon Research for $33 million (Rs 220 crore).

Motilal Oswal PE invests $16.4 mn in ice-cream retailer Dairy Classic

October 24, 2016 | Debjyoti Roy

Motilal Oswal Private Equity Investment Advisors has invested Rs 110 crore ($16.4 million) in Bengaluru-based Dairy Classic Ice Creams Pvt. Ltd, in what is the investment firm’s second bet in the dairy products category.

Exclusive: Aditya Birla PE part-exits Manpasand Beverages with high returns

October 24, 2016 | Debjyoti Roy

Aditya Birla Private Equity has sold a bulk of its holding in Gujarat-based juice manufacturing and marketing company Manpasand Beverages Pvt. Ltd, a firm it backed just two years ago in a pre-IPO transaction, generating juicy profits.

Blackstone exits construction firm NCC

October 21, 2016 | Ranjani Raghavan

Private equity firm Blackstone has fully exited construction firm NCC Ltd after selling its remaining 2.67% stake on the open market on Friday.

Exclusive: Global PE firms eye Religare’s NBFC biz

October 21, 2016 | Bruhadeeswaran R & Swet Sarika

Religare Enterprises Ltd that has seen through a series of business divestments in the past year and announced a three-way demerger of its remaining operations, has received interest from few private equity firms for its lending business, two persons privy to the development told VCCircle.

Exclusive: Kotak's PIPE fund makes maiden investment in an NBFC

October 21, 2016 | Bruhadeeswaran R

Kotak Investment Advisors, the alternative investment arm of the country’s fourth-largest private lender, has struck its first deal from the new public market-focused fund, a top executive told VCCircle.

GSK Velu's Maxvision eye hospital chain hires banker to raise fresh funds

October 21, 2016 | Joseph Rai

Serial entrepreneur GSK Velu-run Maxivision Super Specialty Eye Hospitals has mandated an investment bank to raise about Rs 200 crore (around $30 million), two persons privy to the development told VCCircle.

RBI eases norms for PE, VC investments in infrastructure, biotech, IT & other sectors

October 21, 2016 | Aman Malik

The Reserve Bank of India (RBI) has allowed Foreign Venture Capital Investors (FVCIs) registered with the Securities and Exchange Board of India (SEBI), the capital markets regulator, to invest in private companies in several sectors without any prior permission of the central bank. 

How much IFC made in Fortis Healthcare part-exit

October 20, 2016 | Joseph Rai

International Finance Corporation (IFC), which has been trimming its stake in Fortis Healthcare Ltd for the past year, has offloaded its entire equity stake in the firm though it remains invested in the hospital chain through convertible bonds.

Xander Group's Virtuous Retail finally finds buyer for malls

October 20, 2016 | Swet Sarika

Virtuous Retail, the retail development arm of The Xander Group Inc., has finally found a buyer for its shopping malls after going back and forth on negotiations with a number of potential investors.

How much WestBridge made from second real estate portfolio exit

October 19, 2016 | Swet Sarika

Public market-focused private equity firm WestBridge Capital that bet on a string of firms in the real estate and ancillary business after its founders decided to move on from Sequoia Capital in 2011, has struck its second exit from a property developer.

Canada’s CDPQ buys into TVS Logistics; KKR and Goldman to exit

October 19, 2016 | Ranjani Raghavan

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest $155 million (more than Rs 1,000 crore) to acquire a significant minority stake in Chennai-based TVS Logistics Services Ltd in a transaction that will also give an exit to Goldman Sachs and KKR.

Exclusive: Sweet spot for Kotak Private Equity’s new PIPE fund

October 19, 2016 | Bruhadeeswaran R

Kotak Private Equity, the alternative assets investment arm of India’s fourth-largest private lender Kotak Mahindra Bank, has raised a new fund to invest in listed equities adding to its list of other asset classes, a top executive told VCCircle.

Former Mylan execs’ drug firm Eywa gets PE funding from Eight Roads, F-Prime Capital

October 18, 2016 | Ranjani Raghavan

Eywa Pharma Pte Ltd said on Tuesday it has raised $30 million (Rs 200 crore) from investors including private equity firms Eight Roads Ventures India and US-based F-Prime Capital Partners.