19 Jun, 2013
The Leela Palace, Bengaluru
PRIVATE EQUITY
Navayuga Road Projects raises $100M from Piramal Enterprises
April 05, 2013 | Bhawna Gupta
The Hyderabad-based group’s flagship firm Navayuga Engineering raised PE funding from 3i Group in 2006.
Satin Creditcare raises $7.6M in new funding, Lok Capital scores 2x in exit
April 05, 2013 | Bruhadeeswaran R
The deal, which also marks one of the first portfolio exits of Lok Capital, values the microfinance lender at Rs 200 crore.
Norwest Venture Partners starts exiting Shriram City at nearly 4x
April 03, 2013 | Madhav A Chanchani
ICICI Venture, which started exiting in September 2012, also sold more shares today.
Realty PE deal volumes sink to 4-year low in Q1
April 03, 2013 | Pooja Sarkar
Last quarter, most of the realty PE transactions were in the commercial real estate asset class as compared to the residential asset space in the past.
IIFL Income Opportunities Fund raises $116M, commits $46M
April 03, 2013 | Pooja Sarkar
The fund, which raised the corpus from HNIs and corporates, is targeting internal rate of return in the range of 16-17%.
PE deals down by a third, M&A slips marginally in India during Q1
April 02, 2013 | Madhav A Chanchani
While inbound M&A deal volume skid, outbound deal count rose by around a quarter in Q1, showing better appetite of Indian firms for overseas acquisitions.
Indiareit raising new $138M domestic fund, Piramal Enterprises to co-invest
April 02, 2013 | Pooja Sarkar
It is also reviving its offshore realty fund.
Indiareit invests $36.4M across residential projects
April 02, 2013 | Pooja Sarkar
One of the investments include a maiden commitment from the recently raised Rs 400 crore Mumbai Redevelopment Fund.
IFC to lend up to $11M to Pune-based Suryoday Microfinance
April 02, 2013 | Bruhadeeswaran R
The would help the MFI meet its regulatory capital adequacy requirements for 2-3 years.
Zephyr Peacock invests $9.2M in Pennar Engineered Building Systems
April 02, 2013 | Bhawna Gupta
This is the second investment of the PE firm in India this year.
Temasek part-exits Graviss Hospitality with over 50% hair-cut
April 01, 2013 | Lohit Jagwani
Graviss also counts InterContinental Hotels Group as a shareholder with 5% stake.
Wolfensohn Capital Partners to buy stake in NSE
April 01, 2013 | Madhav A Chanchani
In May 2010, Temasek bought 5% stake in NSE from NYSE Euronext for $150 million.
Ambit ventures into principal investments business
March 28, 2013 | Bruhadeeswaran R
Ambit Pragma, the PE arm of Ambit, chases growth capital investments in mid-market companies.
India Infoline’s PE arm invests $14M in Bangalore residential project, scripting new realty fund
March 26, 2013 | Pooja Sarkar
The new fund will also invest in commercial real estate asset class.
Intas Pharma revives IPO plan, ChrysCapital eyeing part exit
March 26, 2013 | Bruhadeeswaran R
The three-decade-old company, which planned to raise Rs 425cr in fresh capital apart from a secondary sale last year, is expected to list in Q3 FY14.
Motilal Oswal PE to buy stake in SME lender Intec Capital
March 26, 2013 | Madhav A Chanchani
The deal comes after the PE firm made 7x-8x returns in another NBFC, Jaipur-based AU Financiers.
Naturals Salon scraps PE fund raise plan, to expand through franchisee route
March 25, 2013 | Diksha Dutta
The company was in talks with five PE investors last year and Ernst & Young had the mandate to find an investor.
ChrysCapital acquires stake in pharma company Ipca Labs for $40M
March 25, 2013 | Madhav A Chanchani
The PE firm has backed several companies in the pharma sector such as Intas, Zydus Cadila, Mankind and Eris Lifesciences.
Blackstone acquires majority stake in Sree Jayajothi Cements for $100M
March 25, 2013 | Bruhadeeswaran R, Shrija Agrawal
Shriram EPC acquired majority stake in the cement firm last year by converting financial dues into equity.
Eredene in talks with StanChart PE for exit from Ocean Sparkle; may pocket modest IRR
March 22, 2013 | Bruhadeeswaran R, Pooja Sarkar
For OSL, which has seen its valuation bump up 3x in the past six years, this will be the fourth exit of a private investor.
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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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