Page 3 - Latest Updates on Private Equity
GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance
The bonds have a coupon rate of 5 per cent and a tenure of 36 months
 "GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance")
Create an ecosystem for banks to offer equity support to startups: CS Setty
Setty said the country's largest lender has been active on the debt support front when it comes to startups, pointing out that it lends directly to such enterprises or through dedicated funds
 "Create an ecosystem for banks to offer equity support to startups: CS Setty")
PE firms tap platform model to build scalable biz, boost efficiency
One of the latest examples is Carlyle combining auto component manufacturers Roop Automotives and Highways Industries to build an auto parts platform
 "PE firms tap platform model to build scalable biz, boost efficiency")
Private equity investors see public markets driving exits in India
Healthcare and life sciences are emerging as key sectors for private capital, with significant deal flow and exits
 "Private equity investors see public markets driving exits in India")
PE/VC investments in India off to a strong start in 2025: EY IVCA report
The report highlights a favourable macroeconomic environment, strong fiscal health, and stable government policies as key drivers of India's PE/VC ecosystem
 "PE/VC investments in India off to a strong start in 2025: EY IVCA report")
India's buyout market expands, but valuation concerns persist: PE leaders
India's market remains distinct from its global counterparts, Mehta added
 "India's buyout market expands, but valuation concerns persist: PE leaders")
Avendus Capital attracts domestic insurers hunting for private funds
Avendus Capital, the investment bank, which is backed by KKR & Co, is raising as much as Rs 3,000 crore ($343 million) for its Future Leaders Fund III
 "Avendus Capital attracts domestic insurers hunting for private funds")
PE/VC pullback brings dark clouds over Indian climate-tech companies
Funding fell 61% to $1.3 bn in 2024
 "PE/VC pullback brings dark clouds over Indian climate-tech companies")
Multiples Alternate Asset Management to invest $2 bn in enterprise tech
Announces investment in QBurst of $200 million
 "Multiples Alternate Asset Management to invest $2 bn in enterprise tech")
KKR raises offer price for Fuji Soft by 4% as Bain enters bidding race
KKR raised its offer price to 9,850 yen ($63.44) per share from 9,451 yen per share, above Bain's most recent offer of 9,600 yen per share in December
India valuation not stretched on 'equity risk premium' metric: BlackRock
Vivek Paul, Head of Portfolio Research, BlackRock Investment Institute anticipates potential fiscal stimulus in the Budget to rev up consumption
 "India valuation not stretched on 'equity risk premium' metric: BlackRock")
PE-VC bets grow 5% to $56 bn in 2024, 2025 to be challenging: Report
In the year gone by, PE and VC funds' deal volumes surged 54 per cent to 1,352 transactions, indicating a decline in the average value when compared to the previous year
 "PE-VC bets grow 5% to $56 bn in 2024, 2025 to be challenging: Report")
Bharat Value Fund Series 3 secures Rs 1,250 cr, eyes Rs 2,500 crore target
Managed under the India Inflection Opportunity Trust, BVF Series 3 targets a total corpus of Rs 2,500 crore, including a Rs 1,000 crore green-shoe option
 "Bharat Value Fund Series 3 secures Rs 1,250 cr, eyes Rs 2,500 crore target")
DPIIT holds discussions with PEs, VCs, pension funds on ways to promote FDI
The meeting was second in the line. Last week, the department held discussions with stakeholders, including law firms and industry chambers, on the matter
 "DPIIT holds discussions with PEs, VCs, pension funds on ways to promote FDI")
Aragen secures $100 mn funding from Quadria Capital, plans expansion
The funding will support the company's strategic expansion of its capabilities and infrastructure, enabling it to meet the growing demand for outsourcing services from innovators in the US and Europe
 "Aragen secures $100 mn funding from Quadria Capital, plans expansion")
PE investment in real estate rises 6% to $2.82 bn in Apr-Dec 2024: Anarock
Foreign funds contributed 82 per cent to the total PE investments during April-Decrmber 2024
 "PE investment in real estate rises 6% to $2.82 bn in Apr-Dec 2024: Anarock")
KKR and Bain each bid over $5 bn for Seven & i's York Holdings spin-off
KKR offered around 800 billion yen ($5.1 billion) for York Holdings, an entity due to be spun out of the Japanese retailer, two of the people said
 "KKR and Bain each bid over $5 bn for Seven & i's York Holdings spin-off")
Catch of the day: PE/VC funds reel in Rs 1.13 trillion in share sales
Net big from small and midcap exits
 "Catch of the day: PE/VC funds reel in Rs 1.13 trillion in share sales")
Shubham Housing raises Rs 1,000 crore in round led by Multiples PE
Existing investors Asian Development Bank (ADB) and British International Investment (BII) also participated in the round, which consists of a mix of primary and secondary transactions
 "Shubham Housing raises Rs 1,000 crore in round led by Multiples PE")
PricingDirect, Alumni tie up for independent valuations of PE securities
Private equity has grown over the past few years, with an increasing number of firms turning to private credit as the main source of financing their deals
 "PricingDirect, Alumni tie up for independent valuations of PE securities")