Advent International to invest $296 mn in Apollo Hospital unit
US-based private equity firm Advent International has agreed to invest Rs 2,475 crore ($296 million) to pick up a minority stake in Apollo HealthCo Ltd, a subsidiary of Apollo Hospitals Enterprise Ltd. The transaction would enable the merger of two units under Apollo Healthco—wholesale pharma distribution vertical Keimed Pvt Ltd and ......
Exclusive: Advent’s healthcare investment platform mulls betting on south Indian API maker
Advent, one of the world’s biggest private equity players, is evaluating an investment in a Chennai-based active pharmaceutical ingredient (API) company through its pharma platform Cohance, three people aware of the development told VCCircle on condition of anonymity. The PE firm, which rebranded its API and CDMO platform to Cohance in ......
Advent International-backed Aditya Birla Capital to merge with financial unit
India's Aditya Birla Capital Ltd (ABCL) said on Monday it will merge with its unit Aditya Birla Finance and turn into an operating non-banking financial company from a holding company. On a proforma basis, total assets of the merged company as of Dec. 31 stood at 1.10 trillion rupees ($13.30 billion), ......
Advent International looks to stitch secondaries deal to exit packaging firm
Global private equity firm Advent International, which is reportedly increasing its share of corpus to deploy in India for striking fresh bets, has hired bankers to help exit one of its portfolio firms through a secondaries deal, two people aware of the development told VCCircle. Advent International has been trying to ......
Advent to merge Cohance, Suven in share-swap deal
Advent International, a global private equity firm, Thursday announced the plan to merge two of its pharmaceutical portfolio companies, Cohance Lifesciences Ltd and Suven Pharmaceuticals Ltd, with an aim of creating a diversified contract development and manufacturing organization (CDMO) and active pharmaceutical ingredient (API) leader in India. Under the proposed scheme, ......
Advent, Multiples PE invest $230 mn in microlender Svatantra
Private equity firms Advent International and Multiples PE will invest $230 million (Rs 1,930 crore) in the country’s second largest microlender Svatantra Microfin Pvt. Ltd, as it expands its operations in the country. The deal comes seven months after Svatantra said it will acquire Chaitanya India Fin Credit Pvt Ltd, a ......
Deals Digest: Weekly volume drops but total value jumps on large PE transaction
A large transaction in the healthcare sector and a couple of mid-sized transactions boosted the total value of private equity and venture capital deals this week to more than $400 million. Deal volume, however, dropped on a week-on-week basis, according to data collated by VCCircle. The week saw Indian companies securing around ......
Carlyle-backed Quest Global acquires People Tech Group
Private equity major Carlyle-backed product engineering services company Quest Global has acquired a majority stake in enterprise resource planning (ERP) solutions provider People Tech Group, for an undisclosed amount. Quest Global said in a release on Tuesday that the latest acquisition will help it better serve customers, especially original equipment manufacturers ......
Grapevine: Neuberg Diagnostics eyes pre-IPO funding; Tatas in talks for Fabindia stake
Neuberg Diagnostics, a super-specialty diagnostics chain, intends to raise about $100 million (Rs 835 crore) from private equity investors ahead of a planned initial public offering, a media report said. The company, backed by healthcare entrepreneur GSK Velu, has enlisted investment bank o3 Capital to secure the funding, Moneycontrol reported, ......
