PRIVATE EQUITY
India Infoline’s realty fund to invest $62M in Wadhwa Group’s Mumbai project
May 31, 2013 | Pooja Sarkar
The investment size is much bigger than the average ticket size of deals done by the fund; transaction is structured with multiple tranches.
Carlyle, others eyeing HP's MphasiS stake
May 31, 2013 | Reuters
Buyout firms Advent International and Bain Capital LLC are also in talks to bid for HP's 60.5% stake in IT services exporter MphasiS, sources said.
Warburg Pincus exits electrical equipment maker Havells, makes 2.5x returns
May 30, 2013 | Madhav A Chanchani
This comes after PE major made a multi-bagger exit from off-highway tyre maker ATC and business process outsourcing firm WNS earlier this year.
India Infoline group eyes up to $125M for new realty fund
May 30, 2013 | Pooja Sarkar
The group has recently raised $116 million for a domestic alternative investment fund.
GTI Capital now chasing secondary PE deals as part of its investment strategy
May 30, 2013 | Lohit Jagwani
GTI Capital co-invests with money committed by ultra-high networth financial investors including Eric Schmidt, Henry Kravis, Ivan Pictet, Lakshmi Mittal and Vikram Pandit, among others.
Apax Partners to step up pace of investment in India
May 29, 2013 | Shrija Agrawal
Slow and steady wins the race, says Shashank Singh, MD of Apax Partners.
Hatsun Agro looking to raise up to $30M in PE funding, hires banker
May 29, 2013 | Diksha Dutta, Shrija Agrawal
The company called off plan to raise $8.8M through rights issue in January this year.
KKR, Carlyle said to eye bids for SingTel's Australia unit
May 29, 2013 | Reuters
PE firms KKR and Carlyle Group are among those lining up bids for South-east Asia's largest telco Singapore Telecommunications' Australian unit, Optus Satellite, people familiar with the matter said. The business is valued at more than A$2 billion.
PE firms in race to buy out kitchen appliances maker Sunflame
May 28, 2013 | Madhav A Chanchani, Shrija Agrawal
Everstone Capital and Morgan Stanley Private Equity are front-runners among those who have evinced interest in buyout of the Delhi-based privately held company.
Carlyle-backed Tirumala renews stake sale plans, mandates European investment bank
May 28, 2013 | Madhav A Chanchani
If the deal materialises, it would be among the first round of strategic investments in India's dairy sector which has been on PE investors’ radar for three-four years.
Gujarat-based microlender M Power in talks to raise $8M in FY14
May 28, 2013 | Bruhadeeswaran R
The investment would help the promoter-driven firm improve capital structure and enable it to secure debt from banks.
Landmark Holdings invests $8.9M in MG Housing’s upcoming project in Haryana
May 28, 2013 | Lohit Jagwani
Though Landmark has invested in projects around the country, it has been especially active in Delhi NCR.
Norwegian sovereign wealth fund’s POSCO India investment under OECD ethics scanner
May 28, 2013 | Reuters
Norway's oil fund, which invests the country's revenues from oil and gas for future generations, has a 0.9 per cent stake in POSCO and is the eleventh-biggest shareholder.
Kurlon's private equity fundraising plans hits valuation roadblock
May 24, 2013 | Madhav A Chanchani, Shrija Agrawal
The mattress maker had received term sheets from three foreign PE firms but Carlyle was said to be the front-runner for making the investment.
Bangalore-based microlender Samasta in talks to raise over $5M
May 24, 2013 | Bruhadeeswaran R
This will be the first round of equity funding for Samasta in over three years after scooping Rs 2 crore in December’09 from Kalpathi Investments.
ICICI Venture reports fall in fee income, profits
May 24, 2013 | Madhav A Chanchani
ICICI Venture, led by Vishakha Mulye, also states it has managed to raise $685 million for its three new funds.
India Venture Advisors acquires stake in Dr. Ramesh Cardiac & Multispecialty Hospital
May 24, 2013 | TEAM VCC
India Venture Advisors has recently invested in Global Baroda Hospital, a multispecialty chain.
ICICI Prudential PMS invests $14.4M in Kumar Urban Development's project
May 21, 2013 | Pooja Sarkar, Madhav A Chanchani
This is the second investment by the investment firm in a project by the same builder in Pune.
What do Limited Partners want from Indian private equity fund managers: Results of an exclusive VCCircle survey of global LPs
May 20, 2013 | Shrija Agrawal
VCCircle brings to you a survey of over a dozen LPs who have an exposure to the region to understand how they view the Indian PE market currently.
Sequoia leads $8M second funding round at energy drink maker Hector Beverages
May 20, 2013 | TEAM VCC
Existing investors Catamaran Ventures and Footprint Ventures, who brought in around $1 million in the first round of funding two years ago in the maker of Tzinga branded energy drink, also participated.
