Page 6 - Latest Updates on Private Equity
PE firm KKR considers selling controlling stake in JB Pharma: Report
The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said
 "PE firm KKR considers selling controlling stake in JB Pharma: Report")
PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments
The infrastructure sector emerged as the leader, attracting $11.6 billion in investments in 2023, while traditional favorites such as financial services and technology witnessed a decline
 "PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments")
Logistics firm Shadowfax raises $100 million in TPG-led funding round
The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn
 "Logistics firm Shadowfax raises $100 million in TPG-led funding round")
Chipmaker Broadcom sells remote-access unit to PE firm KKR in $4 bn deal
The end-user computing (EUC) unit will become a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday
 "Chipmaker Broadcom sells remote-access unit to PE firm KKR in $4 bn deal")
Roads and renewables: Global PE major KKR to raise infra bet in India
Major portion of $6.4 billion Asia-Pacific fund set to be routed to India
 "Roads and renewables: Global PE major KKR to raise infra bet in India")
PE firm CVC Capital raises $6.8 bn, plans to invest in Indian companies
The funds raised in the latest round saw a strong demand from new and returning blue chip investors enabling it to exceed the $6 billion target and original hard cap of $6.5 billion
 "PE firm CVC Capital raises $6.8 bn, plans to invest in Indian companies")
NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare
NIIF Fund of Funds-I, the first fund under its private markets business (PMF-I), has made the commitment to Amicus Capital Partners India Fund II
 "NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare")
Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr
According to the block deal data available with the BSE, Florintree Capital Partners LLP offloaded 59,96,622 shares, amounting to a 10.71 per cent stake in Data Patterns (India)
 "Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr")
GPT Healthcare's IPO to open on February 22, PE firm BanyanTree to exit
The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP)
 "GPT Healthcare's IPO to open on February 22, PE firm BanyanTree to exit")
Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates
Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments
 "Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates")
Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up
Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier
 "Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up")
PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report
Exits by funds jumped 36 per cent to $24.8 billion but were still lower than the $39.6 billion in 2021
 "PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report")
Lenders retain AIF holdings even as Reserve Bank of India deadline nears
Industry is awaiting certain relaxations or extensions based on their recommendations
 "Lenders retain AIF holdings even as Reserve Bank of India deadline nears")
2024 set to be eventful for North Block, RBI in pursuit of $5 trn goal
A bank licence for industrial houses looks unlikely; the IWG itself had referred to concerns over connected lending and exposure between banks and other financial and non-financial group entitie
 "2024 set to be eventful for North Block, RBI in pursuit of $5 trn goal")
Indian PE/VCs deliver higher returns than bourses, says Crisil report
"A key contributor to this success has been the PE-VC markets, which have risked capital and sown financial know-how," said the Crisil report
 "Indian PE/VCs deliver higher returns than bourses, says Crisil report")
Warburg Pincus names Vishal Mahadevia as Asia private equity head
Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement
 "Warburg Pincus names Vishal Mahadevia as Asia private equity head")
PE firm True North forays into private credit, raises Rs 1,000 crore fund
The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore. It intends to close the fund by the end of the year, as per a statement
Ultimate Kho Kho becomes first Indian sports league to secure PE investment
Ultimate Kho Kho Season 2 is scheduled to be held from December 24 to January 14
 "Ultimate Kho Kho becomes first Indian sports league to secure PE investment")
PE firms' $1.5 trn worth of assets trapped in China after market slumps
With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales
 "PE firms' $1.5 trn worth of assets trapped in China after market slumps")
AIFs seek clarity from Sebi on new valuation norms to address gaps
Industry body IVCA has written to Sebi seeking clarifications on operational challenges, and may seek extension depending on when they receive clarity
 "AIFs seek clarity from Sebi on new valuation norms to address gaps")
