PRIVATE EQUITY

Exclusive: TVS Capital, Aditya Birla PE part-exit Wonderla Holidays

April 27, 2016 | Debjyoti Roy

Home-grown private equity firms TVS Capital and Aditya Birla Private Equity have booked part-exits from their two-year-old investment in amusement park and resorts operator Wonderla Holidays Ltd with above-average returns.

TPG Growth buys majority stake in Cancer Treatment Services

April 27, 2016 | Joseph Rai

TPG Growth, the mid-market and growth-equity investment platform of leveraged-buyout group TPG, said on Wednesday it has bought a majority stake in India- and South Asia-focused cancer treatment provider Cancer Treatment Services International.

ICICI Venture invests $18M in fragrance maker Anthea Aromatics

April 27, 2016 | Debjyoti Roy

ICICI Venture, the private equity arm of ICICI Bank, has invested nearly Rs 120 crore ($18 million) in specialty chemicals firm Anthea Aromatics Pvt. Ltd.

Exclusive: BanyanTree invests in Hyderabad-based Power Mech Projects

April 25, 2016 | Debjyoti Roy

Private equity firm BanyanTree Capital has struck its third new deal this year by investing in Power Mech Projects Ltd, a Hyderabad-based power infrastructure service provider that went public last year.

Microlender Ujjivan eyes $375M valuation in IPO

April 22, 2016 | TEAM VCC

Bengaluru-based microfinance firm Ujjivan Financial Services Ltd is seeking a valuation of as much as Rs 2,500 crore ($375 million) in an initial public offering that opens on April 28.

IFC, Apollo setting up $1B platform to buy distressed assets pools in emerging markets

April 22, 2016 | TEAM VCC

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is creating a large platform along with global alternative investments firm Apollo Global to buy pools of distressed assets in emerging markets.

Exclusive: Columbia Pacific Advisors invests more in Wellspring Healthcare

April 22, 2016 | Joseph Rai

Mumbai-based Wellspring Healthcare Pvt Ltd, which operates under the brand Healthspring Community Medical Centres, raised additional private funding from a bunch of international investors, including its existing backer Columbia Pacific Advisors.

Exclusive: Hollywood movie financier floats Indian media fund

April 22, 2016 | Anushree Bhattacharyya

AVT Shankardass, who has run international investment firms to back Hollywood flicks like Mission Impossible: Ghost Protocol among others, has launched a domestic private equity fund to invest in Indian movies and syndicated television content for overseas market.

KKR backs Musale family to buy out Navis Capital from Classic Stripes

April 21, 2016 | Joseph Rai

The Musale family has bought back the stake held by private equity firm Navis Capital Partners in its privately held company Classic Stripes Pvt Ltd, which manufactures automotive graphics, as per a company statement.

Jacob Ballas generates modest returns from PNC Infratech part-exit

April 21, 2016 | TEAM VCC

Mid-market private equity firm Jacob Ballas has again part-exited from infrastructure firm PNC Infratech Ltd as it trimmed its stake by a fourth over the past few months, according to a regulatory disclosure.

Exclusive: Apollo Global to invest in Noida developer Logix’s project

April 20, 2016 | Swet Sarika

Apollo Global Management LLC is in final stages of talks to invest in a project of Logix Group, in what will be the US private equity firm's second deal with the Noida-based developer, two people close to the development told VCCircle.

ICICI Venture marks first close of new PE fund at $190M

April 20, 2016 | TEAM VCC

ICICI Venture, the private equity arm of India's largest private-sector lender ICICI Bank, said on Wednesday it has raised $190 million (Rs 1,263 crore) to mark the first close of its new sector-agnostic fund.

Blackstone goes in for retail therapy in India

April 19, 2016 | Swet Sarika

Blackstone Group LP, the world's largest private equity investor in real estate, has built one of the biggest portfolios of commercial office properties in India over the past few years. It now wants to do an encore in retail real estate.

Religare to sell US-based PE & VC arm Northgate Capital

April 19, 2016 | TEAM VCC

Religare Enterprises Ltd is selling its US-based private equity and venture capital management arm Northgate Capital to London- and Dubai-based private investment firm The Capital Partnership (TCP), as it continues to consolidate its business.

Janalakshmi Financial raises $150M from TPG and others

April 18, 2016 | Manu P Toms

Janalakshmi Financial Services Pvt Ltd has raised $150 million (Rs 1,000 crore) in a round led by existing investor and global private equity firm TPG, as the country’s biggest microfinance institution by gross loans gears up to convert into a small finance bank.

SEBI may review startup listing norms

April 15, 2016 | PTI

Markets regulator Sebi may soon review its framework for listing of start-ups, including e-commerce firms, while incorporating suggestions from various stakeholders to make this platform much more vibrant.

IFC to invest $9.45M in Kanpur-based Regency Hospital

April 15, 2016 | Joseph Rai

International Finance Corporation (IFC), the World Bank's private-sector investment arm, has proposed to put in Rs 61.5 crore ($9.45 million) in Kanpur-based healthcare services provider Regency Hospital Ltd.

Exclusive: Blackstone buys L&T Seawoods property in Mumbai

April 14, 2016 | Swet Sarika

Blackstone Group, the world's largest alternative investment asset manager, has agreed to buy a retail-cum-office property of L&T Realty Ltd in Mumbai as it goes aggressive on its plan to build a portfolio of malls in India, two people familiar with the development told VCCircle.

Exclusive: Regional media house Amar Ujala shelves IPO plan

April 14, 2016 | Anushree Bhattacharyya

Amar Ujala Publications Ltd, the publisher of Hindi daily Amar Ujala, has shelved its plans to float an initial public offering (IPO) due to weak market conditions and valuation concerns.

Exclusive: IM+ Capitals floats onshore-offshore realty fund

April 14, 2016 | Swet Sarika

IM+ Capitals Ltd, an asset management company controlled by consultancy firm Rudrabhishek Enterprises Pvt Ltd, has floated a real estate-focused fund to back developers by making equity investments in residential projects, a top executive told VCCircle.

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