Exclusive: Blackstone, Carlyle, others eye controlling stake in Indian healthcare firm
Private equity behemoth Blackstone is among a clutch of bulge-bracket global investors who are in the race to pick up a controlling stake in an Indian healthcare company, three people aware of the development told VCCircle. Blackstone, which struck its first hospital deal in India last year and invested $1 billion to ......
Belkhayat-run Moroccan group raising equity from offshore investor for logistics arm
Moroccan family-owned group H&S Invest Holding, which operates in FMCG, logistics, pharmaceuticals, media communication, and real estate sectors, is likely to secure investment from a foreign investor for its logistics arm. The Casablanca-headquartered conglomerate, which also operates as Dislog Group, is set to secure equity capital for unit Building Logistics ......
Grapevine: Bain, Temasek team up for Haldiram bid; ONGC, NTPC Green Energy eye Ayana
Bain Capital and Singapore's Temasek have joined forces to compete with a Blackstone-led consortium for a controlling stake in Haldiram's Snacks Food Pvt Ltd, a media report said. The Bain-Temasek partnership submitted a non-binding offer last week, valuing the Indian snack giant at $8-8.5 billion, The Economic Times reported, citing people familiar with the matter. Bain had ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
Singapore VC firm Golden Gate Ventures rolls out $100-mn MENA fund
Golden Gate Ventures, a Singapore-based early-stage venture capital firm that manages assets worth $250 million across three continents, has launched a Middle East and North Africa–focused investment vehicle in Qatar. The Southeast Asian VC firm launched the MENA fund with a $100 million target and secured commitments worth $20 million from ......
How much did Vivriti AMC return to its investors on closure of first fund?
Mid-market private credit firm Vivriti Asset Management, part of the Chennai-based Vivriti Group, has closed its first private credit fund, thereby returning money to investors, it is learnt. The asset manager had launched the Vivriti Samarth Bond Fund (SBF) in 2019, raising Rs 265 crore (nearly $38 million) from its investors, ......
Realty investor Certus Capital strikes fresh bet from secured debt outing
Former KKR executive Ashish Khandelia's real estate investment and advisory firm, Certus Capital, which aims to invest about Rs 1,000 crore in the current fiscal through its secured debt platform, has backed another residential project through the same entity, this time in Chennai. Certus Capital’s secured debt investment platform, Earnnest.me, has ......
Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled
India’s tour and travel services sector has gone through much disruption over the last decade with several companies folding up or merging with bigger competitors despite raising venture capital funding, but a handful of bootstrapped operators have managed to defy the odds. Mumbai-based Akbar Travels of India Pvt. Ltd is ......
InCred Alternatives' Singla on latest PE fund thesis, sweet spots, exits and more
InCred PE, part of the financial services group InCred that has offerings across lending, wealth and asset management, marked the first close of its maiden private equity fund in March this year at about Rs 330 crore. The fund raised capital from large HNI/UHNI investors. IGPF-I is targeting a final close of ......
Exclusive: Poonawalla's Serum Institute forays into medtech via acquisition
Serum Institute of India (SII), the world's biggest vaccine maker, has picked up a minority stake in a medical technology company, two people aware of the development told VCCircle. Billionaire Adar Poonawalla-led SII, according to the people mentioned above, has invested in IntegriMedical, which is known for making needle-free injection systems (N-FIS). SII has picked ......
