PRIVATE EQUITY

Peek into India investment plan of healthcare PE firm HBM

June 30, 2016 | Joseph Rai

Swiss investment fund HBM Healthcare Investments Ltd plans to invest in more Indian healthcare companies which have established business models and need growth capital, a top executive told VCCircle, after it made its second investment in the country recently.

Exclusive: Tano clocks high returns from a PIPE portfolio part-exit

June 29, 2016 | Bruhadeeswaran R

Mumbai-based mid-market private equity firm Tano Capital that has been looking to generate liquidity from its portfolio and last clocked an exit activity almost three years ago, has sold a small chunk of shares from its four year old bet on Shilpa Medicare Ltd.

Motilal Oswal PE to raise up to $300 mn in new fund

June 29, 2016 | Bruhadeeswaran R

The private equity arm of Motilal Oswal Financial Services Ltd is looking to raise $250-300 million for a growth capital fund to invest in small to mid-sized companies, a top executive said on Wednesday.

Exclusive: Jaipur-based Eternal Heart Care Centre gets PE funding

June 28, 2016 | Joseph Rai & Swet Sarika

Eternal Heart Care Centre and Research Institute Pvt Ltd, which runs a tertiary care hospital in Jaipur, has received funding from the private equity arm of LIC Housing Finance Ltd, two people privy to the development told VCCircle.

Exclusive: TVS Capital makes another smart part-exit from PIPE portfolio

June 27, 2016 | Bruhadeeswaran R

Home-grown private equity firm TVS Capital that made a neat profit from its three-year-old investment in DCB Bank Ltd in mid-2015, is looking at a quick harvest from more portfolio firms to showcase returns to its own investors.

Exclusive: Sabre Partners part exits Man Infraconstruction at a loss

June 24, 2016 | Bruhadeeswaran R

India-centric mid-market private equity firm Sabre Partners has sold around half of its remaining stake in Man Infraconstruction Ltd booking a loss on its eight-year-old investment.

TPG nears sweetheart deal to buy ICICI Home Finance

June 24, 2016 | Bruhadeeswaran R

Buyout firm TPG Capital is in advanced talks with ICICI Bank Ltd to buy its home finance arm at a much lower valuation than other recent deals in the sector, two persons privy to the talks told VCCircle.

Kalaari Capital hires former Bain & Co, Myntra executives

June 22, 2016 | Manu P Toms

Kalaari Capital has hired three top-level executives, including one partner, as the venture capital firm expands its early-stage investment activity.

Exclusive: Indiabulls Housing Finance takes out Red Fort, Proprium in Parsvnath project

June 22, 2016 | Swet Sarika

Indiabulls Housing Finance Ltd has sealed a big-ticket transaction in Delhi-NCR by investing in a commercial project of Parsvnath Developers Ltd, two people familiar with the development told VCCircle.

NewQuest raises $540 mn in third Asian secondaries fund, to open India office

June 21, 2016 | Anuradha Verma

NewQuest Capital Partners, a private equity firm focusing on emerging markets, has marked the final close of its third secondaries fund 'NewQuest Asia Fund III, LP' at over $540 million.

Exclusive: Maitreyi Capital floats tech investment fund

June 20, 2016 | Nishant Sharma

Maitreyi Capital, a business advisory firm floated by former Aditya Birla Private Equity and Reliance Jio Infocomm executives, has garnered an initial commitment from investors for its maiden private equity fund to back digital technology companies in India.

Exclusive: Edelweiss out to raise domestic real estate fund

June 16, 2016 | Swet Sarika

Edelweiss Financial Services Ltd is raising a domestic real estate investment fund, three people close to the development told VCCircle, as the company ramps up its focus on the sector after last year announcing plans to scoop up $1 billion from offshore markets.

Creador clocks second exit from India portfolio with high returns

June 16, 2016 | TEAM VCC

Creador, a private equity firm focused on South and Southeast Asia, fully exited its four-year-old investment in Cholamandalam Investment & Finance Co. Ltd by selling its remaining stake on Thursday.

IFC to anchor Glenmark's $200 mn fundraising plan

June 16, 2016 | Anuradha Verma

International Finance Corp (IFC) is looking to invest up to $75 million (about Rs 500 crore) in Glenmark Pharmaceuticals Ltd as part of a larger fundraising plan of the drugmaker, the private-sector lending arm of the World Bank said in a disclosure.

Exclusive: Anicut Capital nears first close for maiden SME fund

June 15, 2016 | Swet Sarika

Anicut Capital LLP, an asset management firm founded by financial services veterans Ashvin Chadha and IAS Balamurugan, is set to mark the first close of its maiden fund that seeks to invest mainly in small and medium enterprises (SMEs).

Exclusive: Carpediem raises bulk of maiden PE fund

June 14, 2016 | Debjyoti Roy

Private equity (PE) firm Carpediem Capital Partners that was floated by executives of India Equity Partners (IEP) and its portfolio firms, has mopped up two-thirds of the target amount in its debut mid-market-focused private equity fund.

Motilal Oswal Real Estate presses exit button on second realty fund

June 14, 2016 | Swet Sarika

Motilal Oswal Real Estate, the property investment arm of Motilal Oswal Private Equity, has started the process to exit investments from its second fund while it steps up deployment from its latest corpus, a top company executive told VCCircle.

Exclusive: Dairy firm Srikrishna Milks gets its first PE investor on board

June 13, 2016 | Debjyoti Roy

Karnataka-based Srikrishna Milks Pvt Ltd has raised its first external round of funding in the latest instance of a dairy firm in the world’s largest milk producing country attracting a private equity (PE) investor.

Blackstone sells 10% stake in Gokaldas Exports at huge loss

June 10, 2016 | TEAM VCC

Private equity giant Blackstone has sold just under 10% stake in garment exporter Gokaldas Exports Ltd or one-sixth of its total holding in the firm as it looks to gradually liquidate one of its loss-making investments in India.

A peek into India-dedicated fund launches in recent quarters

June 10, 2016 | Rachit Vats

Private investors may have turned cautious about investing in startups in recent months but there is no dearth of India-dedicated fund launches taking place, indicating that the long-term India story remains intact.

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