Page 11 - Latest Updates on Private Equity
Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore
The transaction would be worth Rs 2,250 crore taking into account the stock movement today
 "Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore")
PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report
PE investments into domestic companies fell sharply YoY by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report
 "PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report")
PE investment up 58% in NCR realty in first 3 quarters of FY23: Study
PE funding in Indian real estate up 3% annually, demand for commercial and residential properties continues: ANAROCK Capital
 "PE investment up 58% in NCR realty in first 3 quarters of FY23: Study")
Advent International to acquire 50.1% stake in Suven Pharma, explore merger
As of last close, Suven had a market capitalization of 126 billion Indian rupees
 "Advent International to acquire 50.1% stake in Suven Pharma, explore merger")
India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn
But does this mean that 2023 could be different, given the unutilised capital?
 "India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn")
Data science firm Tredence raises $175 mn in funding for expanding business
San Jose-based company to use financing for strengthening verticals and get more customers
 "Data science firm Tredence raises $175 mn in funding for expanding business")
PE investment in real estate down 17%, inflow up in warehousing sector
According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY
 "PE investment in real estate down 17%, inflow up in warehousing sector")
Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr
PFL to explore inorganic investments for business growth
 "Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr")
Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks
This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm
 "Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks")
Irdai approves amendments, simplifies rules to set up insurance firms
Under the current guidelines, to invest in insurance companies as "promoter", a PE fund can do so only through an SPV
 "Irdai approves amendments, simplifies rules to set up insurance firms")
Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery
The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20
 "Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery")
Blackstone to acquire majority stake in R Systems for Rs 2,904 crore
Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. The promoters will get around Rs 1,496.95 crore
 "Blackstone to acquire majority stake in R Systems for Rs 2,904 crore")
PE/VC investments drop 75% in October over last year: IVCA-EY report
Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022
TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday
American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal
 "TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday")
Sanjeev Gupta's Liberty Steel nears deal with Credit Suisse, Greensill
Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021
 "Sanjeev Gupta's Liberty Steel nears deal with Credit Suisse, Greensill")
Multiples Private Equity likely to sell stake in APAC Financial Services
Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018
 "Multiples Private Equity likely to sell stake in APAC Financial Services")
ADIA, KKR, Brookfield to invest in UPL companies as restructuring move
KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.
 "ADIA, KKR, Brookfield to invest in UPL companies as restructuring move")
Yes, PE ownership of airports works and there is research to show it
It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the airport and the services it offers
PE investments in realty dip 25% in 2022 on inflation, interest rate spike
In terms of average transaction size, the sector saw average deals of $191 million in 9M 2022, up 53% over $125 mn in the same period in 2021
 "PE investments in realty dip 25% in 2022 on inflation, interest rate spike")
PE investments in retail real estate down 63% to $303 mn in Jan-Sep: Report
Private equity investments in retail real estate space fell 63% to $303 million during January-September as investors were concerned about possible impact of high inflation on consumption
 "PE investments in retail real estate down 63% to $303 mn in Jan-Sep: Report")