Page 12 - Latest Updates on Private Equity
TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end
The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades
 "TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end")
PE investments in real estate grew 40% in H1FY23 despite global headwinds
Top 10 deals accounted for 86% of total PE inflows in the first half of this year, as compared to 80% a year ago
 "PE investments in real estate grew 40% in H1FY23 despite global headwinds")
True North and others invest $93 million in US-based Accion Labs
The stake in the USA's Pittsburg-based Accion has been acquired by the True North-advised Indium VI (Mauritius) Holdings from private equity fund TA Associates and other shareholders
 "True North and others invest $93 million in US-based Accion Labs")
Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end
The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells
 "Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end")
KKR seeks advisers to sell stake in Avendus Capital, says report
The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public
 "KKR seeks advisers to sell stake in Avendus Capital, says report")
PE, Sovereign funds making larger investments in Indian tech firms
PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more
 "PE, Sovereign funds making larger investments in Indian tech firms")
July witnesses sharp decline in M&A values, PE deals, says report
The start-up and IT sectors continued to dominate deal activity with nine deals each cumulatively valued at $162 million
 "July witnesses sharp decline in M&A values, PE deals, says report")
PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report
9 exits were recorded of $322 mn, the lowest number of exits since January 2021
 "PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report")
SaaS company CleverTap Raises $105 mn in funding round led by CDPQ
It runs a cloud service that helps digital brands to increase customer retention
 "SaaS company CleverTap Raises $105 mn in funding round led by CDPQ")
Carlyle CEO Kewsong Lee resigns in sudden reversal of generational shift
Kewsong Lee's sudden exit, announced late Sunday, reverses a changing of the guard set in motion just five years ago when Carlyle's founders ceded leadership duties to a new pair of co-heads
 "Carlyle CEO Kewsong Lee resigns in sudden reversal of generational shift")
Why Zomato's pre-public offer investors are rushing to the exit door
Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations
 "Why Zomato's pre-public offer investors are rushing to the exit door")
Kotak arm to raise up to Rs 1,500 crore to invest in PE, VC funds
Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a 'fund of funds'
 "Kotak arm to raise up to Rs 1,500 crore to invest in PE, VC funds")
Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank
The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24
 "Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank")
Family offices bet bigger on start-ups, opt for direct investments
Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up
 "Family offices bet bigger on start-ups, opt for direct investments")
Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
Centre likely to remove 10% shareholding cap for individuals in PSBs
Removal of threshold may allow PE firms to own over 10% stake in state-run banks
 "Centre likely to remove 10% shareholding cap for individuals in PSBs")
JSW in talks with PEs, foreign banks for Mytrah Energy acquisition
JSW group's JSW Energy has targeted to add 15GW renewables to its portfolio with an investment of $10 billion by 2030
 "JSW in talks with PEs, foreign banks for Mytrah Energy acquisition")
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
 "e-con Systems opens new site in Bengaluru, eyes $10 million funding")
Global investors led by Arpwood buy majority stake in Sterling Hospitals
According to Arpwood Partners, the consortium will now invest in high-calibre clinical talent, infrastructure upgrade and patient service experience, and deliver quality medical care to patients
 "Global investors led by Arpwood buy majority stake in Sterling Hospitals")
IAMAI announces committee to study issues faced by VC firms in India
Softbank, Sequoia, IAN, 3one4 Capital, Eximius, Multiples Alternate Asset Management among others join panel
 "IAMAI announces committee to study issues faced by VC firms in India")