Page 7 - Latest Updates on Private Equity
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
 "PE firm True North forays into private credit, raises Rs 1,000 crore fund")
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")
BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India
PE investment to flow to financial, healthcare, and consumer sectors
 "BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India")
Blackstone expects most Asia deal activity in Japan and India in 2024
"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo
 "Blackstone expects most Asia deal activity in Japan and India in 2024")
BS BFSI Summit 2023: No funding winter in PE investments, say experts
India is a highly favoured destination for investment in APAC, Renuka Ramnath, founder and CEO at Multiples Alternate Asset said at Business Standard's BFSI Insight Summit 2023
 "BS BFSI Summit 2023: No funding winter in PE investments, say experts")
Blackstone makes health care foray with $1 bn deals, buys Care Hospitals
QCIL has signed a definitive agreement to acquire around 80 per cent in KimsHealth
 "Blackstone makes health care foray with $1 bn deals, buys Care Hospitals")
Blackstone enters Indian healthcare services with Care Hospitals buy
Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said
 "Blackstone enters Indian healthcare services with Care Hospitals buy")
Healthcare and pharma sector sees surge in high-value deals: Report
The Private Equity (PE) sector experienced a decline in both values and volumes compared to the previous quarter
 "Healthcare and pharma sector sees surge in high-value deals: Report")
BS BFSI Summit: From Amit Chandra to Ankur Bansal, here're PE experts
PE/VC CEOs Panel's theme on October 31: The shrinking India pie - Will the trend reverse?
 "BS BFSI Summit: From Amit Chandra to Ankur Bansal, here're PE experts")
KKR-backed Avendus to tap tech investment banking deals in Southeast Asia
Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising
 "KKR-backed Avendus to tap tech investment banking deals in Southeast Asia")
Deal activities decline marginally to $13.37 billion in Sept quarter
There were 345 transactions involving USD 13.394 billion in the preceding April-June quarter, as per the report by consultancy firm Grant Thornton Bharat
 "Deal activities decline marginally to $13.37 billion in Sept quarter")
PE investments in Indian real estate dip 12% to $2.3 billion in H1
The level of flows has remained below the pre-pandemic level of $4.2 billion in H1 FY20
 "PE investments in Indian real estate dip 12% to $2.3 billion in H1")
Private equity investment fall by 65% to $1.81 bn in quarter ending Sept
The number of deals also declined steeply by 50.1 per cent to 232 from 465 deals in Q3 2022, according to the data collated by Refinitiv, which is a London Stock Exchange Group (LSG) business
 "Private equity investment fall by 65% to $1.81 bn in quarter ending Sept")
True North to sell 20% stake worth $325 million in Niva Bupa Insurance
Niva Bupa, a joint venture between British United Provident Association (Bupa) and India's True North, offers health insurance through more than 20 bank partners
 "True North to sell 20% stake worth $325 million in Niva Bupa Insurance")
Private equity-backed mergers and acquisitions fall to 31-month low
Value of such transactions has also been coming down over time
 "Private equity-backed mergers and acquisitions fall to 31-month low")
The problem with index funds
The dominance of index funds could be stifling price competition, compounded by the concentration of power among a few giants in fund-management and private-equity
 "The problem with index funds")
TPG-backed RR Kabel sets price band at Rs 983-1,035 per share
At the upper end, the issue size works out to Rs 1,964 crore, making it the second-largest IPO of the year after Mankind Pharma
 "TPG-backed RR Kabel sets price band at Rs 983-1,035 per share")
Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender
On Friday, shares of IDFC First Bank fell by as much as 5 percent in early trading but recovered to end little changed
 "Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender")
