PRIVATE EQUITY

Gaja Capital set to invest $20 mn in Kangaroo Kids Education

March 21, 2017 | Debjyoti Roy & Joseph Rai

Gaja Capital, a private equity firm that focuses on mid-market deals, is set to make its fourth bet in the education sector from its third fund, a person privy to the development told VCCircle.

Peek at True North’s commodity sector bet that turned into gold

March 21, 2017 | Ranjani Raghavan

Private equity firm True North Managers LLP, which has a sector-agnostic investment structure but focusses on financial services, consumer, healthcare and technology products and services, had quietly made its third bet in the commodities space.

Exclusive: Fairwinds PE seeks to exit valves maker, hires banker

March 21, 2017 | Bruhadeeswaran R & Debjyoti Roy

Fairwinds Private Equity has set the ball in motion to sell its entire stake in a portfolio firm nearly three years after making the investment, a person privy to the development told VCCircle.

How was StanChart PE’s partial exit from Redington?

March 20, 2017 | Bruhadeeswaran R

Standard Chartered Private Equity (StanChart PE) partially exited its six-year-old bet on Chennai IT products distributor Redington (India) Ltd on Monday.

Oman India Joint Investment Fund exits Kotak Mahindra Bank

March 20, 2017 | Bruhadeeswaran R

Private equity fund Oman India Joint Investment Fund (OIJIF) has sold its stake in Kotak Mahindra Bank Ltd, netting over Rs 120 crore (around $18.5 million), according to a media report.

Kedaara Capital set to take control of microlender Spandana Sphoorty

March 17, 2017 | Bruhadeeswaran R

Private equity firm Kedaara Capital Investment Managers Ltd is in talks with Hyderabad-based microfinance firm Spandana Sphoorty Financial Ltd to acquire a controlling stake.

How was PremjiInvest's partial exit from HCG?

March 16, 2017 | Joseph Rai

PremjiInvest, the private investment arm of Wipro Ltd chairman Azim Premji, has sold more stake in its public-listed portfolio almost a month after it tapped the same firm to harvest returns.

Exclusive: BlackSoil Realty to tie up with US-based PE firm for second fund

March 16, 2017 | Swet Sarika

Mumbai-based asset management company BlackSoil Group is in talks to join hands with a US-based private equity firm for its second fundraise, two people familiar with the development told VCCircle.

Actis sells bulk of holding in IDFC

March 15, 2017 | Bruhadeeswaran R

Private equity firm Actis that has not made any new investments in India for almost two years has logged another partial exit from IDFC Ltd as part of its focus on creating exits from its previous bets.

Exclusive: Norwest scores another multi-bagger exit from Indian private lender

March 15, 2017 | Joseph Rai

Multi-stage private equity investor Norwest Venture Partners has sold its entire stake in a public-listed financial services firm—the third such portfolio company in India within a year—minting gold from yet another private lender in the country.

Exclusive: Top PE firms eye ChrysCapital’s stake in Intas Pharma

March 14, 2017 | Ranjani Raghavan

Several private equity investors are in the fray for PE firm ChrysCapital Investment Advisors Pvt. Ltd’s stake in Intas Pharmaceuticals Ltd, three persons familiar with the development told VCCircle.

L&T Realty to sell stake in Chennai township project to Pragnya Group

March 14, 2017 | Swet Sarika

L&T Realty Ltd, a wholly owned unit of engineering giant Larsen & Toubro Ltd, has agreed to sell its entire 51% stake in a township project to real estate private equity firm Pragnya Group.

WestBridge Capital hikes stake in consumer goods firm

March 14, 2017 | Joseph Rai

Public markets-focused private equity firm WestBridge Capital Partners has raised its holding in a consumer goods company after first picking up a stake in the firm early last year.

Blackstone selects Luxembourg for EU base

March 14, 2017 | Reuters

Private equity firm Blackstone (BX.N) is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said.

Asian Development Bank investing $10 mn in Satin Creditcare Network

March 14, 2017 | Bruhadeeswaran R

Asian Development Bank is investing $10 million (around Rs 65.8 crore) in New Delhi-based Satin Creditcare Network Ltd through a preferential allotment in return for a 4% stake, the firm said in a disclosure. 

TA Associates backs pharma products supplier Ideal Cures

March 14, 2017 | Ranjani Raghavan

Private equity firm TA Associates said on Tuesday it has invested in Mumbai-based Ideal Cures Pvt. Ltd, its second bet on a pharmaceuticals company within three months.

ChrysCapital takes out principal investment from Karur Vysya Bank

March 14, 2017 | Debjyoti Roy

Home-grown private equity firm ChrysCapital, which raised its seventh fund last month, has sold another chunk of its shares in one of its financial services portfolio firm.

Carlyle raising $1 bn in new growth fund focused on India and China

March 11, 2017 | TEAM VCC

Global private equity firm Carlyle is raising $1 billion under its new Asian growth fund largely focused on investing in India and China.

Carlyle scores multi-bagger exit from Edelweiss

March 10, 2017 | TEAM VCC

Private equity major Carlyle Group has fully exited its five-year-old bet on Edelweiss Financial Services Ltd, taking advantage of the stock market bull run to harvest returns in its first big stake sale in more than a year.

GIC picks up 13.45% stake in Can Fin Homes for $113 mn

March 10, 2017 | TEAM VCC

Singapore’s sovereign wealth fund GIC Pte Ltd has bought a 13.45% stake in mortgage lender Can Fin Homes Ltd from state-run Canara Bank for Rs 753.77 crore ($113 million).

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