19 Jun, 2013
The Leela Palace, Bengaluru
PRIVATE EQUITY
Oman India Joint Investment Fund expects to fully deploy $100M corpus by FY14 end
May 20, 2013 | Madhav A Chanchani
The JV between SBI and Oman’s sovereign wealth fund aims to take fund corpus to $1.5 billion.
Utkarsh pegs capital requirement at $72.8M, aims to raise $6-7M this fiscal via ECB
May 17, 2013 | Bruhadeeswaran R
The MFI expects to increase its reach five times to more than 800,000 women borrowers in six years.
China, India to be biggest investors by 2030
May 17, 2013 | Reuters
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report on Thursday.
Nalanda Capital buys around 8% stake in auto ancillary firm NRB Bearings
May 17, 2013 | TEAM VCC
Another major shareholder in NRB Bearings is the hedge fund Acacia Capital, which owns nearly 7% stake.
IndoUS Ventures-backed CarZ in talks with PE players to raise $15M in Series B
May 16, 2013 | Vrishank Chandavarkar
The Hyderabad-based car services company is also looking to expand its operations in Gujarat and Maharashtra.
The Beer Café raises $4.5M from Mayfield
May 16, 2013 | Diksha Dutta
This is the second deal of the year in the restaurant chain business. Last month, CX Partners invested $20 million in Barbeque Nation Hospitality.
Manipal Health Enterprises invests in Ankur Healthcare
May 16, 2013 | TEAM VCC
Post the deal, Ankur will expand from 4 centres to 12 over the next 18-24 months.
JLL raises $22.8M towards debut fund; targets $54.7M
May 15, 2013 | Pooja Sarkar
Looks at first close by month end at $27.3-36.4M.
Clearwater Capital ups stake in GSS Infotech as market cap shrinks
May 15, 2013 | Bhawna Gupta, Madhav A Chanchani
The share price of the IT firm has fallen more than 80% in the past two years as revenues slide and the firm has slipped into losses.
Indiareit’s development arm launches debut project
May 15, 2013 | Pooja Sarkar
The fund is developing its own residential projects under the brand Address Makers.
Matrix Partners-backed Mewar Orthopaedic will invest $2.9M to build 6 hospitals by end of FY14
May 15, 2013 | Lohit Jagwani
The company raised $5.46 million from Matrix India Fund in 2012 for 20 per cent stake.
IFC to invest up to $17M in IDFC-backed Parag Milk Foods
May 15, 2013 | Bhawna Gupta
Last September, IDFC Private Equity Fund III invested $29 million in Parag through compulsorily convertible debentures.
Baring Private Equity Asia to invest $260M in Lafarge India
May 15, 2013 | TEAM VCC
The transaction will be the largest PE investment in India’s cement sector, topping KKR & Co’s $175 million infusion in the cement business of Dalmia Cement (Bharat) Ltd in 2010.
Kidswear retail chain Gini & Jony restructures debt; to raise up to $18M in PE funding
May 14, 2013 | Diksha Dutta
Lakhani brothers, promoters of Gini & Jony, currently hold 65% stake in the company while around 22% stake is held by Reliance Capital.
Tata Opportunities Fund nearing two deals, also to target buyouts
May 14, 2013 | Madhav A Chanchani
The fund’s LPs have significant co-investment appetite and the firm is looking to cut deals as large as $300 million.
Omega Healthcare looking to raise up to $50M by year-end
May 13, 2013 | Diksha Dutta
Last year, media reports suggested that TA Associates was acquiring a controlling stake in the BPO, but according to the promoter, it is only market speculation.
Footwear retailer Khadim’s looking to raise $18M in funding
May 13, 2013 | Vrishank Chandavarkar
The firm also initiated plans to come up with an IPO but had to cancel it as stock markets tanked in 2008.
IFC in talks to invest up to $100M in Coastal Projects
May 13, 2013 | Bruhadeeswaran R
The Hyderabad-based company is backed by global private equity investors including Baring, Sequoia Capital, Fidelity and Deutsche Bank.
Goldman Sachs invests $20M in BPL Medical Technologies
May 13, 2013 | TEAM VCC
Goldman Sachs’ second deal in India in as many weeks; PE firm has earlier backed Nova Medical and Max India in the healthcare sector.
Warburg Pincus raises $11.2B global mega fund
May 10, 2013 | TEAM VCC
Over the last 15 months, the PE major has seen several profitable exits in India including Alliance Tire, Kotak Mahindra, Max India and WNS Global.
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JOBS
- Private Equity - Nereus Capital
- Associate - Red Fort Capital Advisors Pvt Ltd
RECENT COMMENTS
- 17 June 2013rj.sridhar@gmail.comonI think it's a bit of a chicken & egg. Is it the combination of some shady promoters plus lack of enough exits...
- 16 June 2013Raj BhattonGoing by the numbers, this values Snowman at 21.7X Mar'13 earnings and 3.5X assets. It is a brilliant pre-IPO...
- 15 June 2013sharad_dalal@hotmail.comonI think this article paints a very distorted picture of a typical PE term sheet. Investment in the form of...
- 14 June 2013SummeeronA candid article Pravin. The situation is indeed piquant. In good companies, where funds fall over each other for the...
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