Etihad Airways CEO sees no rush for IPO with ample self-funding
Abu Dhabi's Etihad Airways CEO Antonoaldo Neves said on Tuesday the Gulf airline has no timeline for going public as it enjoys enough resources to "self-fund" its $20 billion growth plans for the next decade. In an interview, Neves said while the carrier is ready for an initial public offering, the ......
Agrim, Cashinvoice backer Accion Ventures raises new fund with India mandate
Accion Venture Lab, the US-based social impact investor Accion’s investment arm that focuses on early-stage investments, has closed its second early-stage fund that has an India mandate. The social impact investor closed the Accion Venture Lab Fund II after securing $61.6 million in commitments. The global fund will make up to ......
IPO-bound True Colors sees revenue growth easing as capacity expansion slows
True Colors Ltd, a digital textile printing and fabric processing company preparing to list on the SME exchange this month, expects revenue to rise in the current financial year, though at a moderate pace as capacity expansion slows. The Surat-based company, which filed its Draft Red Herring Prospectus (DRHP) for an ......
Chiripal Group’s GREW Solar secures $34 mn from multiple investors
GREW Solar, the solar photovoltaic (PV) module arm of Ahmedabad-based Chiripal Group, has raised Rs 300 crore ($34 million) from a group of high-net-worth individuals (HNIs), including stock market investor Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company did not disclose the identities of other investors or their individual ......
BlueFive Capital, Sidra Capital join hands for global Islamic-finance platform
BlueFive Capital, an Abu Dhabi-based asset management firm that manages assets worth over $2.6 billion (around Rs 22,900 crore), has partnered with Saudi Arabia’s multibillion dollar family business conglomerate Al Murjan Group in a cross-shareholding arrangement to launch a global platform for Islamic finance. As part of the deal, the two ......
L Catterton hits first close of maiden India private equity fund
Global consumer-focused private equity firm L Catterton has marked the first close of its India-centric investment vehicle at around $200 million, VCCircle has gathered. L Catterton had so far been placing bets on Indian firms through its Asia fund. However, a year ago, it roped in former CEO and managing director ......
Areion Assets hires former YES Bank exec as CEO amid special situations fund mop-up
Areion Assets Management Pvt Ltd, part of the Mumbai-based Areion Group that offers distressed assets resolution, debt restructuring, transaction advisory, and distressed real estate investment advisory services, has hired a banking industry veteran as its new chief executive officer, VCCircle has gathered. The firm, which is currently raising a special situations ......
IT services firm UST sells healthcare arm to Bain Capital
California-headquartered IT services firm UST has agreed to sell its healthcare management solutions unit, UST HealthProof, to private equity firm Bain Capital. UST, which has been a key player in healthcare technology for over two decades and has a significant presence in India, will sell its healthcare arm for over $1 ......
CVC Capital meets H1 profit expectations, reiterates realisations target
CVC Capital, one of the world's largest private equity managers, reported first half profit that matched market expectations on Thursday and reiterated its realisations target for the current year. It posted a net profit of 396 million euros ($464 million)for the first six months of 2025, roughly in line with analysts' ......
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