Page 2 - Pe Funds

A future without promoters

India's corporate landscape is changing, and the economy is set to change with it, notes Amit Tandon

Indian PE funds looking for exit from companies toy with SPACs in US

Discussion has started between blank check companies in the US and Indian PEs on possible deals in certain key sectors

Mphasis surges 6% as Blackstone to buy controlling stake in firm

Blackstone had bought around 61 per cent stake in Mphasis from Hewlett Packard Enterprise in 2016 in a deal worth up to $1.1 billion

Srei Infra Finance jumps 20% on receiving EoI from Cerberus for subsidiary

Cerberus Global Investments joined two other prospective investors for infusing capital into Srei Equipment Finance

PE fund Zephyr Peacock eyes 12 investments from $100-mn third fund

The company is also preparing to exit two portfolio companies in the next 6-8 months

Digital MF platforms look to diversify product offerings to drive growth

Over the last two years, the segment had seen strong PE funding

Private equity players see new business opportunities in post-Covid world

Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.

Eros merges with Hollywood producer STX Entertainment in bid to go global

It's an all-stock deal, newly-formed entity Eros STX Entertainment Corp sees $125 million in PE Funding

Airlines, private equity funds, HNIs warm up to Air India divestment

A Rs 30,000-crore bailout by the previous UPA government had been unable to reverse the fortunes of the carrier

Property funds are in no hurry to invest in stressed realty projects

The reason: lack of clear legal rules and pricing issues

PE funds bet big on crisis-hit NBFCs even as other investors balk

The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.

Brookfield now one of the biggest PE players in India, thanks to RIL deals

The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)

Real estate got $14-bn foreign private equity over five years: ANAROCK data

Logistics and warehousing drew over $1 billion, and the remaining investments went into mixed-use developments

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail

PE investors see profit in India's troubles in shadow banking, real estate

Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.

Real estate-focused PEs going slow on investment in Mumbai, NCR markets

Motilal Oswal is raising Rs 1,200 crore for its fourth real estate fund

PE funds plan to pump in $100 billion in India's distressed assets market

Between FY17 and FY19, the share of security receipts (SRs) held by institutional investors grew to 58 per cent from 1 per cent

Bain, TPG in talks to buy minority stake in Tata Capital Financial Services

The Tatas are in discussions with a clutch of PE funds to gauge their interest and may offer anything between 10 and 15 per cent in Tata Capital Financial Services

Brookfield, Piramal Capital look to cash in on buyout opportunities in NBFC

KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital

Private Equity funds ready war chest to help firms skip IBC route

PE funds are cashing in on the new emerging areas of business. However PE funds admit that handling conglomerates needs special expertise and acumen as they are complex deals