PRIVATE EQUITY

2i Capital revives India investments with infra-oriented diversified firm

February 24, 2017 | Bruhadeeswaran R

After a hiatus of over six years, private equity firm 2i Capital PCC is on its way to revive its investments in India with a mid-sized transaction in a company having interests in infrastructure, textiles and real estate.

Piramal forms realty investment platform with CDPQ arm Ivanhoe Cambridge

February 23, 2017 | Swet Sarika

Piramal Enterprises Ltd (PEL) formed a strategic partnership with Ivanhoé Cambridge, a real estate subsidiary of CDPQ (Caisse de dépôt et placement du Québec), to provide long-term equity capital to residential property developers across five main cities in India, the companies said in a statemen

Exclusive: Baring PE India out to raise fourth fund

February 23, 2017 | Ranjani Raghavan & Swet Sarika

Baring Private Equity Partners India Ltd (Baring PE India), one of the oldest PE firms in the country, has kicked off a process to raise its fourth fund, nearly a decade after its last offering, people familiar with the firm’s plans told VCCircle.

Reliance AIF Asset Management raising first credit fund

February 23, 2017 | Joseph Rai

Reliance AIF Asset Management Company Ltd, part of Reliance Nippon Life Asset Management Ltd, is raising its first credit fund to tap into rising distressed debt in the country as banks burdened with growing bad loans seek to offload such assets, a person privy to the development told VCCircle.

Exclusive: Bangalore developer Krishna Enterprises gets new investor on board

February 23, 2017 | Joseph Rai & Swet Sarika

Bangalore-based real estate developer Krishna Enterprises (Housing & Infrastructures) India Pvt Ltd has raised fresh funds from a new investor, two people familiar with the development told VCCircle.

Exclusive: Abu Dhabi sovereign fund strikes platform deal to invest in Indian malls

February 22, 2017 | Swet Sarika

Abu Dhabi Investment Authority (ADIA) has agreed to form an investment platform with an Indian fund manager to invest in retail properties, in a sign of the sovereign wealth fund’s growing interest in the country’s real estate sector.

Capri Global backs Mumbai-based Rodium Realty’s project

February 22, 2017 | TEAM VCC

Non-banking financial company Capri Global Capital Ltd has invested Rs 36 crore ($5.3 million) in a project of public-listed developer Rodium Realty Ltd through the structured debt route, the developer said in a statement. 

Exclusive: Campusville dials education-focused investor for Series B round

February 21, 2017 | Debjyoti Roy & Swet Sarika

Campus Students Communities Pvt. Ltd, a Bengaluru-based company that provides student housing under the Campusville brand, is in advanced stages of discussion with an institutional investor to raise its Series B round of funding, two people privy to the development told VCCircle.

PE firm ChrysCapital marks final close of seventh fund

February 21, 2017 | Joseph Rai

Home-grown private equity firm ChrysCapital Management Co has overshot its $600 million target for its seventh fund despite a ‘tough’ fund raising environment, it said in a statement.

IFC to make $47.5 mn debt investment in Granules India

February 20, 2017 | TEAM VCC

International Finance Corporation, the private-sector arm of the World Bank, is planning to provide $47.5 million (Rs 318 crore) in debt funding to drugmaker Granules India Ltd.

The corporate loan will help the company execute its expansion programme, IFC said in a disclosure note.

Manipal ties up with CDC Group to float $75 mn healthcare fund

February 20, 2017 | Joseph Rai

Manipal Education and Medical Group (Manipal Group), a privately held conglomerate focused on education, healthcare and research, is partnering with UK-based development financial institution CDC Group Plc to float a Rs 500 crore (around $75 million) healthcare fund, according to a media report.

How was ChrysCap’s partial exit from Karur Vysya Bank?

February 17, 2017 | Bruhadeeswaran R

Private equity firm ChrysCapital Investment Advisors India Pvt. Ltd, which has built a portfolio of banking and financial services companies, sold over half its stake in Karur Vysya Bank Ltd as it looks to harvest its five-year-old bet on the Karur-headquartered lender.

Road developer BRNL files DRHP for IPO; seen raising up to $83.5 mn

February 17, 2017 | Ankit Doshi

SREI Infrastructure Finance-promoted Bharat Road Network Ltd (BRNL) on Friday filed a draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

From infra to tech, IDFC Alternatives’ investment play explained

February 17, 2017 | Ranjani Raghavan

Three weeks into the New Year, IDFC Alternatives, the alternative asset manager of infrastructure lender IDFC Ltd, had announced its foray into startup investing, in partnership with Parampara Capital.  

Sovereign wealth funds ramp up direct PE investments; hire specialists

February 17, 2017 | Reuters

Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control.

Exclusive: BCCL’s Springboard may back food & beverage firm

February 16, 2017 | Debjyoti Roy

Springboard Ventures, an investment arm of media house Times Group’s holding company Bennett Coleman & Co Ltd (BCCL), is looking to invest in a Delhi-based food and beverage firm, a person privy to the development told VCCircle.

PremjiInvest logs partial exit from listed portfolio firm

February 15, 2017 | Joseph Rai

PremjiInvest, the private investment arm of Wipro Ltd chairman Azim Premji, has sold part of its stake in a portfolio firm in which it initially put money almost nine years ago.

TA Associates partially exits PIPE portfolio firm with good returns

February 15, 2017 | Joseph Rai

US-based private equity investor TA Associates has logged a partial exit from a publicly listed firm, more than a year after taking out the principal amount during the company's blockbuster initial public offering.

DLF extends deadline for stake sale in rental arm again

February 15, 2017 | Joseph Rai

Realty major DLF Ltd said the deadline to sell a 40% stake by its promoters in the group's commercial rental properties to some third-party institutional investors has been extended for the second time by a year.

Blackstone’s India PE biz co-head Mathew Cyriac quits to start own firm

February 15, 2017 | Ranjani Raghavan

Mathew Cyriac, the co-head of the private equity business at Blackstone Group in India, is leaving the global PE firm to start his own asset management venture, two persons briefed on the development told VCCircle.

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