CK Birla Group's IVF arm marks fresh acquisition in bid to expand
Infertility hospital Birla Fertility & IVF, part of the $2.9 billion CK Birla Group, on Wednesday said it has acquired a majority stake in a homegrown chain of fertility centres. The move highlights Birla Fertility's plans to invest Rs 500 crore to expand to 100 clinics by FY28. It has now acquired ......
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: Shapoorji Pallonji Group to refinance debt; OrbiMed bets on LifeWell
Shapoorji Pallonji Group has initiated discussions with Power Finance Corporation to secure up to $1.2 billion (Rs 10,017 crore) to refinance a portion of its Rs 20,000-crore debt set to mature in late May, a media report said. SP Group had previously pledged its 18% stake in Tata Sons as collateral for the original loan, ......
I Squared Capital's smart metering firm bags another big-ticket contract
A company controlled by global private equity fund I Squared Capital has won a major contract to install smart electricity meters in the state of West Bengal. These meters are to be installed under an initiative of the Indian government to help cut losses of power distribution companies (discoms) in the ......
Grapevine: Hindalco mulls IPO for Novelis; Welspun Corp may sell ABG Shipyard land
Hindalco Industries Ltd is contemplating a significant initial public offering (IPO) for Novelis Inc., its US-based subsidiary for making aluminum products, aiming to raise approximately $1.2 billion, a media report said Hindalco is eyeing a valuation of around $18 billion for Novelis, positioning it as one of the year's most substantial ......
PE investors chase data centre deals in Asia on AI boom
Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and ......
UK PE firm Apis Partners marks sixth full exit from debut fund
Apis Partners, a UK-based private equity firm, which backs growth stage financial services and financial infrastructure businesses, has fully exited its investment in a South African payments platform through a strategic sale. The London-headquartered PE firm, fully monetized its six-year-old investment, which was made from its debut fund, in South Africa’s largest ......
Spotlight: Is the tide turning for Gopalpur Ports as Adani takes control?
A little over a month ago, India’s biggest port operator got a little bigger. Adani Ports and Special Economic Zone Ltd said in late March that it was buying a 95% stake in Odisha-based Gopalpur Ports Ltd (GPL). Adani Ports, part of the Gautam Adani-led eponymous conglomerate, agreed to acquire a ......
Sub-Saharan Africa-focused private debt fund REGMIFA to get another cheque
The Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), an open-ended private debt fund focusing on micro, small, and medium enterprises in Sub-Saharan Africa, is likely to secure additional funding from a development finance institution. The Geneva-headquartered REGMIFA, which provides private debt funding in local currency, will likely get a ......
Ola gets a breather after sharp valuation cut ahead of planned IPO
An Ola investor that last year slashed the Indian company’s valuation to a level seen nearly a decade ago has now marked up the value of its holding in the private equity-backed cab aggregator, albeit only marginally, VCCircle has gathered. In what comes as a reprieve for the mobility unicorn that is ......
