PE Firms

Chinese sovereign wealth funds have invested billions into leading US firms such as Blackstone, Carlyle Group, TPG, Vista Equity Partners, and Thoma Bravo

The fund has maintained the size of its predecessor while expanding its investor base, according to a company press statement

The Initial Public Offering (IPO) GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, is set to open on February 22. The initial-share-sale is scheduled to conclude on February 26. The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP). The IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore, and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II. BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. GPT Healthcare, which started with an eight-bed hospital in Kolkata in 2000, operates four full-service multi-specialty hospitals, with a total capacity of 561 beds. The company competes

Private equity investments in India dropped 61% during the first half of 2023 compared to the same period in 2022, with sum of equity invested amounting to US$6.1 billion.

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It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the airport and the services it offers

Removal of threshold may allow PE firms to own over 10% stake in state-run banks

They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong

Kedaara has acquired a significant minority stake in the company, but the financial details of the deals were not disclosed

Highest investment in the sector in last 5 years; pandemic expands opportunities

Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million

Raises Rs 1,492 crore from deal; Societe Generale picks up 0.62% for Rs 153 crore, identity of other buyers not known

(Reuters) - Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.

Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement

Second PE deal in two weeks; valuation same at Rs 4.2 trillion

According to sources, TPG, which has investments in several firms domestically as well as globally, doesn't want to be at odds with voting advisory firms and shareholders over any governance issues

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures

Future targets to include financial services, retail companies; Top PE firms shut offices about a week before lockdown; key execs and principals now entirely on phone, video-conferencing

JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan