Grapevine: ChrysCapital mulls GeBBS Healthcare sale; Carlyle taps 2 banks for Hexaware IPO
ChrysCapital, India's largest domestic private equity firm, is planning to sell GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO company, six years after acquiring it, a media report said. ChrysCapital initially acquired an 80% stake in GeBBS in 2018 for $140 million, when its valuation stood at $175 million. The potential ......
Carlyle joins race for controlling stake in bakery chain
US investment giant Carlyle Group has joined a slew of global private equity firms and strategic suitors that are in race to acquire a controlling stake in a Indian bakery chain, two people aware of the development told VCCircle. Carlyle Group, which has lowered the target for its latest pan-Asia private ......
Carlyle-backed Indegene makes another overseas acquisition
Indegene, a technology-led healthcare solutions provider to biopharmaceutical, biotech and medical devices companies, has acquired another overseas company to ramp up its service offerings. The Indian company, which is backed by US-based private equity firm Carlyle, has purchased medical writing consultancy firm Trilogy Writing & Consulting GmbH. Indegene said in a statement Trilogy's acquisition will ......
Grapevine: Meesho set to snap up $300 mn; Carlyle weighs options for Hexaware
E-commerce platform Meesho is set to secure a $300-million (Rs 2,500 crore) investment from Tiger Global, SoftBank and others, a media report said. Tiger Global and Peak XV Partners are committing a combined $150 million, supplemented by Peak XV's $70 million contribution. SoftBank is planning to chip in with $30 million, ......
Global PE, pension funds eyeing minority stake in Max India unit
A clutch of private equity firms and pension funds are looking to pick up a minority stake in a subsidiary of Max India Ltd, part of the $4-billion diversified conglomerate Max Group, two people aware of the development told VCCircle. Max India is the holding company of Antara, the senior care ......
Carlyle scores high returns in swift India partial exit
Private equity firm Carlyle Group, which kicked off last year with a control deal for VLCC, topped up its bet on a financial services company and later invested in engineering services firm Quest Global, has begun the new year with a swift exit move. Carlyle - who made a full exit ......
Grapevine: Carlyle mulls exit from Airtel data centre unit; Oyo may shelve IPO
Private equity firm Carlyle is looking to divest its entire 24% stake in Nxtra Data Ltd, the data centre unit of Bharti Airtel Ltd, a media report said. Carlyle has received inquiries for its stake in Nxtra as there is significant interest in the data centre space, Moneycontrol reported, citing ......
Stakeboat-backed tech platform strikes first acquisition
A technology investment platform created by mid-market private equity firm Stakeboat Capital to make acquisitions in engineering design and niche IT services segments has struck its maiden deal, VCCircle has learnt. Stakeboat created a platform earlier this year through its investment in Bengaluru-based IT company SBCDC Software Pvt. Ltd, VCCircle reported ......
Grapevine: TPG eyes stake in VLCC; NTPC Green taps four bankers for IPO
Carlyle Group is actively engaged in discussions with TPG Growth regarding the sale of a 25-30% stake in VLCC Healthcare Ltd, a media report said. This move comes less than a year after Carlyle's acquisition of the wellness and beauty products company. A 78% surge in VLCC's shares in just 12 months prompted Carlyle ......
Grapevine: ITC eyes Prataap Snacks; GIC, KKR join race for Carlyle’s stake in Airtel's data centre
ITC is reportedly considering acquisition of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in Prataap Snacks, a listed company, a media report said. Talks with Haldiram's failed due to a valuation mismatch. Prataap Snacks, renowned for Yellow Diamond chips and traditional Indian namkeen under the Avadh brand, ......
