Page 10 - Private Equity

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

Sanjeev Gupta's Liberty Steel nears deal with Credit Suisse, Greensill

Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021

Multiples Private Equity likely to sell stake in APAC Financial Services

Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

Yes, PE ownership of airports works and there is research to show it

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

PE investments in realty dip 25% in 2022 on inflation, interest rate spike

In terms of average transaction size, the sector saw average deals of $191 million in 9M 2022, up 53% over $125 mn in the same period in 2021

PE investments in retail real estate down 63% to $303 mn in Jan-Sep: Report

Private equity investments in retail real estate space fell 63 per cent to USD 303 million during January-September as investors were concerned about possible impact of high inflation on consumption, according to Knight Frank. The private equity investments in retail stood at USD 817 million in the corresponding period of the last year. "Investors avoided the retail sector due to concerns about the potential negative effects a high inflation environment would have on the sector," real estate consultant Knight Frank India said in a report 'Trends in Private Equity Investments in India (9Month 2022). However, the consultant felt that the retail sector would continue to observe capital commitments from investment platforms that remain bullish on its growth prospects. Since 2011, the retail real estate has attracted USD 3,944 million worth of PE investments through 31 deals. Unlike office assets, investor interest in retail goes beyond major metros, the consultant said. Overall, Knig

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

PE investments in real estate grew 40% in H1FY23 despite global headwinds

Top 10 deals accounted for 86% of total PE inflows in the first half of this year, as compared to 80% a year ago

True North and others invest $93 million in US-based Accion Labs

Home-grown private equity fund True North on Tuesday announced that it has acquired a significant minority stake in digital engineering company Accion Labs for USD 93 million along with co-investors. The stake in the USA's Pittsburg-based Accion has been acquired by the True North-advised Indium VI (Mauritius) Holdings from private equity fund TA Associates and other shareholders, as per an official statement. The Kinesh Doshi-led Accion was founded in 2011, and focuses on digital transformation projects for global enterprises and technology firms. It has 4,800 employees globally spread across 20 locations, who do digital consulting, innovation and digital product engineering, data/machine learning engineering and automation work. The True North statement said it aims to invest up to 30 per cent of funds that it manages or advises in tech and digital businesses, making digital engineering and software as a service companies as important focus areas for the firm. Its partner Prasad

Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end

The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells

KKR seeks advisers to sell stake in Avendus Capital, says report

The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

July witnesses sharp decline in M&A values, PE deals, says report

The start-up and IT sectors continued to dominate deal activity with nine deals each cumulatively valued at $162 million

PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report

9 exits were recorded of $322 mn, the lowest number of exits since January 2021

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

Carlyle CEO Kewsong Lee resigns in sudden reversal of generational shift

Kewsong Lee's sudden exit, announced late Sunday, reverses a changing of the guard set in motion just five years ago when Carlyle's founders ceded leadership duties to a new pair of co-heads

Why Zomato's pre-public offer investors are rushing to the exit door

Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations

Kotak arm to raise up to Rs 1,500 crore to invest in PE, VC funds

Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a 'fund of funds'

Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank

The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24