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Showing results for: ACME

Actis-backed Blupine Energy acquires select India assets from Acme Group
04 March

Actis-backed Blupine Energy acquires select India assets from Acme Group

BluPine Energy Pvt. Ltd, a renewable energy platform established in India by the UK-based private equity firm Actis, on Monday said it has completed the acquisition of 369 megawatts (MW) solar power assets from Indian renewable energy producer Acme Group. While, the companies declined to disclose transaction details of the deal, ......

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ACME’s multi-billion-dollar plans are hitting its prospects. Can it spring a surprise?
19 July

ACME’s multi-billion-dollar plans are hitting its prospects. Can it spring a surprise?

Four years ago, solar energy producer ACME Group was facing an existential crisis of sorts. But last year, it announced three projects in a new vertical that could cost over $15 billion and could again put its financial position in jeopardy.   Consider this: In March 2022, ACME announced an equal joint venture with Norwegian renewable energy company Scatec to set up a green ......

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Eversource to get a cheque from existing LP for smart metering platform
09 April

Eversource to get a cheque from existing LP for smart metering platform

Climate-focused alternative investment firm Eversource Capital is set to receive funding from one of its existing limited partners for its India-focused smart metering platform, as it moves forward in a sector that has also attracted Singapore sovereign wealth fund GIC and US-based infrastructure private equity firm I Squared Capital.  Eversource, formed ......

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ACME loses JV partner for multi-billion-dollar project in Middle East
13 July

ACME loses JV partner for multi-billion-dollar project in Middle East

Indian renewable energy producer ACME Group’s plan to set up a multi-billion-dollar green ammonia project in the Middle East has run into rough weather after its joint venture partner decided to pull out, VCCircle has gathered.  ACME, led by founder and chairman Manoj K Upadhyay, had in March 2022 agreed to form ......

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Grapevine: RIL eyes stake in Tata Play; Warburg, Bain compete for Shriram Housing
15 February

Grapevine: RIL eyes stake in Tata Play; Warburg, Bain compete for Shriram Housing

Reliance Industries (RIL) is in talks to acquire a 29.8% stake in Tata Play from the Walt Disney Company, marking what could potentially be the first-ever joint venture between two of India’s biggest business conglomerates,  a media report said. Bankers are currently assessing the value of Disney's stake in Tata Play. ......

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Eversource firming up game plan for second fund; plans more buyouts, new themes
08 March

Eversource firming up game plan for second fund; plans more buyouts, new themes

Climate-focused investor Eversource Capital, a joint venture of Indian private equity firm Everstone Capital and the UK-based Lightsource BP, is considering new investment themes for its second fund and expects to stitch more buyout deals than it did from its maiden vehicle, a top executive told VCCircle.  Eversource is considering betting ......

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Rothschild appointed to raise $500 mn equity for ACME project
06 February

Rothschild appointed to raise $500 mn equity for ACME project

India’s largest pure-play solar platform, the ACME Group, has given a formal mandate to Rothschild and Co. to raise $500 million equity by selling a stake in ACME Cleantech Solutions Pvt. Ltd, said two people in the know.  The funds will be raised for the large green hydrogen and green ammonia ......

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Rothschild’s Aalok Shah on India business, dealmaking tailwinds and more
05 January

Rothschild’s Aalok Shah on India business, dealmaking tailwinds and more

Global investment bank Rothschild & Co has been operating in India since 1999. Over the years, it has expanded its local team and now intends to ramp it up further as it expects the pace of dealmaking to pick up. In an interview with VCCircle, Rothschild & Co managing director Aalok ......

ACME earmarks nearly $7 bn for renewable energy investments in Karnataka
07 June

ACME earmarks nearly $7 bn for renewable energy investments in Karnataka

Renewable energy firm ACME Group will invest ₹52,000 crore ($6.70 billion) in Karnataka over five years to set up a green hydrogen and ammonia plant, the state government said on Monday.  The investment comes as India aims to manufacture five million tonnes of green hydrogen annually by 2030 to meet its ......

PAG to acquire controlling stake in Acme Formulation
22 July

PAG to acquire controlling stake in Acme Formulation

Asia focused private equity firm PAG said it has agreed to acquire a controlling stake in Acme Formulation Pvt Ltd which is into contract development and manufacturing outsourcing of complex pharma products.   PAG will invest $145 million (Rs 1,054 crore). Citadel Management Consulting was the exclusive advisor to Acme on this ......