PRIVATE EQUITY

Exclusive: Blackstone buys prime commercial property in Mumbai

January 23, 2017 | Swet Sarika

Global private equity giant Blackstone Group has added a new commercial property in its India portfolio as it continues to be bullish on rent-yielding assets in the country.

Exclusive: IDFC Alternatives adding another asset class to investment strategy

January 23, 2017 | Ranjani Raghavan

IDFC Alternatives, the alternative asset investment arm of infrastructure lender IDFC Ltd, is expanding the list of asset classes in its portfolio as it strives to cement its position as one of the largest fund houses in India.

Blackstone to float new $5 bn realty fund to invest in India, other Asian nations

January 23, 2017 | Reuters

Blackstone Group LP is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters.

Exclusive: PineBridge trims stake in Narayana Health with modest returns

January 20, 2017 | Joseph Rai

Private equity investor PineBridge Investments Llc pared part of its stake in multi- and super-specialty hospital chain Narayana Hrudayalaya Pvt.

Fairfax may sell 25% of ICICI Lombard for up to $1 bn

January 20, 2017 | Reuters

Fairfax Financial Holdings is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said.

Peek at Apax Partners’ returns from Cholamandalam Investment exit

January 19, 2017 | Bruhadeeswaran R

Global private equity firm Apax Partners has completely exited Murugappa Group’s non-banking finance company Cholamandalam Investment & Finance Company Ltd, by selling the remaining stake through an open market transaction on Thursday.

How Karvy Capital is taking an offbeat route for real estate play with new fund

January 19, 2017 | Swet Sarika

Karvy Capital Ltd, the asset management arm of financial services firm Karvy Group, is putting together a plan to launch an alternative investment fund that would back private companies through a mixture of debt and equity, two people familiar with the company’s plans told VCCircle.

Warburg Pincus invests $120 mn in PVR; Multiples PE partially exits

January 18, 2017 | TEAM VCC

Private equity firm Warburg Pincus said on Wednesday its affiliates have acquired a 14% stake in PVR Ltd, India’s largest multiplex chain, for about Rs 820 crore ($120.4 million).

Indiabulls Real Estate buys back Farallon Capital’s stake in Delhi project

January 18, 2017 | TEAM VCC

Mumbai-based developer Indiabulls Real Estate Ltd said on Wednesday it has bought back the stake of the US-based private equity firm Farallon Capital Management in Indiabulls Infrastructure Pvt Ltd (IIPL) after a court ruling.

India Value Fund Advisors rebrands to True North, realigns sector focus

January 18, 2017 | Bruhadeeswaran R

Sector-agnostic and homegrown private equity firm India Value Fund Advisors (IVFA) has unveiled a new brand identity and would now be known as True North (Managers). The firm has also realigned its sector focus, it said in a statement.  

Exclusive: PeopleStrong in talks with PE firms to raise capital

January 18, 2017 | Ankit Doshi & Ranjani Raghavan

Gurgaon-based PeopleStrong HR Services Pvt Ltd is in discussions with private equity firms to raise capital for inorganic growth, a top executive told VCCircle.

Fairfax India to pick 51% stake in Saurashtra Freight

January 17, 2017 | Ranjani Raghavan

Fairfax India Holdings Corporation, which has just raised an additional $500 million to top up its India-focused investment corpus, has inked a deal to pick a 51% stake in Saurashtra Freight Pvt. Ltd for Rs 200 crore ($30 million), it said on Tuesday.

Exclusive: BlackSoil Capital picks Navi Mumbai mall for commercial realty bet

January 17, 2017 | Swet Sarika

Asset management company BlackSoil Group has backed a mall in Navi Mumbai through its recently formed non-banking financial company (NBFC) BlackSoil Capital, a top company executive told News Corp VCCircle.

Exclusive: Capital Small Finance Bank gets funding commitment from insurance firms

January 17, 2017 | Bruhadeeswaran R

Punjab-based Capital Small Finance Bank (CSFB), formerly Capital Local Area Bank, has received commitment from several investors for an equity funding round to shore up its capital base as well as enhance presence and lending capability, a person close to the development told VCCircle. 

PE firms eye controlling stake in Tower Vision

January 16, 2017 | Ranjani Raghavan

Private equity firms are in the race to acquire a controlling stake in Gurgaon-based tower firm Tower Vision, two persons close to the development told VCCircle.

Exclusive: Kotak's PIPE fund bets on Mumbai-based pharma firm

January 16, 2017 | Bruhadeeswaran R

Kotak Private Equity, the alternative asset investment arm of India’s fourth-largest private lender Kotak Mahindra Bank, has picked a stake in a pharmaceuticals company that manufactures and markets formulations and active pharmaceutical ingredients (APIs) in India.

How much returns private equity investors made in Resonance Eduventures exit?

January 16, 2017 | Swet Sarika & Debjyoti Roy

Two of the three private equity investors in Resonance Eduventures Pvt. Ltd have exited the Kota-based coaching services provider, harvesting neat returns from their five-six-year-old investment, three persons privy to the development told VCCircle.

SBI co-sponsored OIJIF hits first close for new mid-market private equity fund

January 13, 2017 | Ranjani Raghavan

Oman India Joint Investment Fund Management Co Ltd (OIJIF), a mid-market private equity firm co-sponsored by State Bank of India and State General Reserve Fund of Oman (SGRF), has marked the first close of its second fund at $220 million, the firm said.

Exclusive: Updater Services in late-stage talks with PE firm for fundraise

January 13, 2017 | Bruhadeeswaran R & Ranjani Raghavan

Chennai-based integrated facility management services firm Updater Services Pvt. Ltd (UDS) is in the final stages of talks to raise a fresh round of equity capital, two persons close to the development told VCCircle. 

Exclusive: Jacob Ballas takes out principal investment from Crocodile menswear maker

January 13, 2017 | Debjyoti Roy

Mid-market private equity firm Jacob Ballas Capital India Pvt Ltd, which has been focusing on generating exits over the last year, has made another partial exit from its decade-old portfolio firm SP Apparels Ltd.

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