Page 20 - Latest Updates on Private Equity
PE sum invested in Q1 dips 39% to $3.6 bn; internet firms remain favourites
Internet companies continued to attract the maximum PE interest while financial services saw a decline by almost 50 per cent
 "PE sum invested in Q1 dips 39% to $3.6 bn; internet firms remain favourites")
Asian Development Bank to invest $100 million in NIIF's fund of funds
With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments
 "Asian Development Bank to invest $100 million in NIIF's fund of funds")
Buyback proposals to bump up Street sentiment around the stock: Experts
Earlier in the week, Emami and Sterlite Technologies also disclosed their intention to buyback shares
 "Buyback proposals to bump up Street sentiment around the stock: Experts")
PE/VC investments hit 24-month low of $1.7 bn, value falls by 39%
Uncertainty over the impact of Covid-19 is expected to act as a significant headwind to Indian PE/VC investments
 "PE/VC investments hit 24-month low of $1.7 bn, value falls by 39%")
True North scouts for acquisitions in orthopaedics and gynaecology space
Now, True North is focussed on growing Integrace by buying other products, divisions or smaller companies. Integrace is clocking a 12-15 per cent growth
 "True North scouts for acquisitions in orthopaedics and gynaecology space")
PE firm Warburg Pincus planning to invest $150 mn in Apollo Tyres
The Board of Directors of Apollo Tyres Ltd approved the issuance of compulsorily convertible preference shares in the company
 "PE firm Warburg Pincus planning to invest $150 mn in Apollo Tyres")
PE/VC deals up by 34% to $2.5 bn in Jan on increased credit investments
After a record-setting 2019, PE/VC investments in 2020 are off to a good start, said Vivek Soni
 "PE/VC deals up by 34% to $2.5 bn in Jan on increased credit investments")
IIM-A placements: Participation of PE/VC, asset management firms up by 80%
In all, 153 firms participated with 182 different roles for the 2020 batch, with McKinsey & Co and BCG leading the pack with 27 and 23 offers, including PPOs
 "IIM-A placements: Participation of PE/VC, asset management firms up by 80%")
Private equity investments hit 10-year high in 2019, shows Refinitiv data
Thirty seven private equity firms raised $7.9 billion in 2019, up 47 per cent over the previous year
 "Private equity investments hit 10-year high in 2019, shows Refinitiv data")
Private equity investments surge to all-time high of $37 bn in 2019
The energy industry led by Brookfield's $1.9 Billion investment in Reliance Pipeline Infra also saw a growth in investments.
 "Private equity investments surge to all-time high of $37 bn in 2019")
PE/VC investment up by almost three times in November; driven by infra flow
PE/VC investments accounts 1.7-1.8% of GDP, almost at par with China and the global average
 "PE/VC investment up by almost three times in November; driven by infra flow")
With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report
The rise in PE deal values was largely driven by the corporate tax rate cut, which has improved both investor sentiment and confidence
 "With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report")
PE firm KKR looks to steady ship, focus on controlling debt structures
Didn't expect promoters to 'hollow out' firms, says India head Sanjay Nayar
 "PE firm KKR looks to steady ship, focus on controlling debt structures")
Brookfield now one of the biggest PE players in India, thanks to RIL deals
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
 "Brookfield now one of the biggest PE players in India, thanks to RIL deals")
Private equity firm Sanaka Capital to inject Rs 525 cr in Edelweiss Global
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
 "Private equity firm Sanaka Capital to inject Rs 525 cr in Edelweiss Global")
YES Bank gets $3-bn offer from investors including PEs and domestic MFs
The bank is in dire need of capital to not only provide for bad assets but also for growth
 "YES Bank gets $3-bn offer from investors including PEs and domestic MFs")
Private equity investments in India at $12.7 billion in 2019: Refinitiv
The deal flow in 2019 has been good with each successive quarter being better than the preceding one
 "Private equity investments in India at $12.7 billion in 2019: Refinitiv")
Venture capital firm Jungle Ventures raises $240 million for third fund
Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally
 "Venture capital firm Jungle Ventures raises $240 million for third fund")
Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock
Commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year
 "Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock")
PE majors TPG, Temasek planning investments in Indian API manufacturers
The investment interest comes as Indian drugmakers are focusing on specialty products, while relying extensively on Chinese imports for basic ingredients and other raw materials used in medicines
 "PE majors TPG, Temasek planning investments in Indian API manufacturers")