Page 5 - Latest Updates on Private Equity
PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view
The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24
 "PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view")
Investments by PE, VC funds decline 35% in April to $4.4 bn: Report
The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said
 "Investments by PE, VC funds decline 35% in April to $4.4 bn: Report")
Goswami Infratech gets nod to delay payment due this month: Report
The company has received sufficient creditor backing for a proposal to delay a bond payment, according to the people familiar who asked not to be identified
 "Goswami Infratech gets nod to delay payment due this month: Report")
Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr
Urban Company has announced its fifth Employee Stock Ownership Plan (ESOP) sale, with a total secondary transaction amount of about Rs 203 crore
 "Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr")
PE exits in India surge 355% in first quarter of 2024, hit 50 deals: report
The total exit value also witnessed a significant increase, reaching US$3.6 billion - a nearly five-fold jump from the previous year's corresponding quarter
 "PE exits in India surge 355% in first quarter of 2024, hit 50 deals: report")
$700 mn buyout deal shows new way of moving assets, holding equity in India
A relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer
 "$700 mn buyout deal shows new way of moving assets, holding equity in India")
PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight
"This investment will support CFS's ability to further scale and serve the growing demand for eye care in India both across Tier-I and Tier-II cities," the statement added
 "PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight")
Indian PE, VC investments decline 35% to $39 billion in 2023: Report
The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022
 "Indian PE, VC investments decline 35% to $39 billion in 2023: Report")
Quadria Capital acquires minority stake in NephroPlus for $102 million
"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said
 "Quadria Capital acquires minority stake in NephroPlus for $102 million")
ChrysCapital raises $700 mn to maintain stake in National Stock Exchange
The 'continuation fund' will allow ChrysCapital to maintain its stake in the NSE, where it first invested in 2016, while the firm's older investors sell their stakes to new investors
 "ChrysCapital raises $700 mn to maintain stake in National Stock Exchange")
PE firm Advent International to invest $297 mn in Apollo Hospitals' unit
Advent will invest in compulsory convertible instruments in two tranches for a 12.1% stake in the merged pharmacy business entity, which will have an enterprise value of Rs 22,481 crore
 "PE firm Advent International to invest $297 mn in Apollo Hospitals' unit")
India Inc to tap private credit to finance new projects, says PwC
Tax uncertainty is a big concern for PEs
 "India Inc to tap private credit to finance new projects, says PwC")
PE, VC investments decline marginally to $13.5 bn in March quarter: Report
When looked at from a volume perspective, the number of deals was 33 per cent higher at 292 in January-March 2024 against 220 in the year-ago period, it added
Investor climate group eyes assets in private equity, sovereign debt
The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy
 "Investor climate group eyes assets in private equity, sovereign debt")
Investors spoiled for choice with top ice cream makers on table for sale
The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters
 "Investors spoiled for choice with top ice cream makers on table for sale")
Olympus Capital divests 9.8% stake in Aster DM Healthcare for Rs 1,978 cr
Olympus Capital Asia through its two affiliates -- Olympus Capital Asia Investments Ltd and Olympus ACF Pte -- offloaded the shares of Dubai-based Aster DM Healthcare on the bourse
PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn
Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share
 "PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn")
PE, VC investments fall to $2.2 billion in Feb as big-ticket deals dry up
The number of deals were higher at 120 transactions in February, as compared to 86 deals in January and 57 in February 2023, the report by industry lobby group IVCA and consultancy firm EY said
 "PE, VC investments fall to $2.2 billion in Feb as big-ticket deals dry up")
Ananya Birla's Svatantra to get Rs 1,930 cr capital from Advent, Multiples
The microfinance lender, which was founded in 2013, acquired Chaitanya India Fin Credit for Rs 1,479 crore in August last year
 "Ananya Birla's Svatantra to get Rs 1,930 cr capital from Advent, Multiples")
Indian market too big to ignore: Beauty and make-up brand Laura Mercier
The brand first entered the Indian market last year and started selling online through the beauty and personal care marketplace, Tira
 "Indian market too big to ignore: Beauty and make-up brand Laura Mercier")
