Page 10 - Private Equity

Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

The transaction would be worth Rs 2,250 crore taking into account the stock movement today

PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report

Private equity investments into domestic companies fell sharply year-on-year by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report. The numbers reflect the overall funding winter that the startup space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February. Private equity investment inflows into the country fell by a sharp 42 per cent in 2022 from last year to USD 23.3 billion -- the lowest annual inflows since 2019 when it was a low USD 15.8 billion, but still relatively elevated compared to historical levels, said Elaine Tan, a senior analyst at Refinitiv, the LSEG business arm that provides financial markets data and insights. The report did not say how many deals were closed in the year. In the December quarter, the PE investments totalled USD 3.61 billion, down 8.1 per cent sequentially from USD 3.93 billion and fell 67.2 per

PE investment up 58% in NCR realty in first 3 quarters of FY23: Study

PE funding in Indian real estate up 3% annually, demand for commercial and residential properties continues: ANAROCK Capital

Advent International to acquire 50.1% stake in Suven Pharma, explore merger

As of last close, Suven had a market capitalization of 126 billion Indian rupees

India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn

But does this mean that 2023 could be different, given the unutilised capital?

Data science firm Tredence raises $175 mn in funding for expanding business

San Jose-based company to use financing for strengthening verticals and get more customers

PE investment in real estate down 17%, inflow up in warehousing sector

According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY

Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr

PFL to explore inorganic investments for business growth

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Irdai approves amendments, simplifies rules to set up insurance firms

Under the current guidelines, to invest in insurance companies as "promoter", a PE fund can do so only through an SPV

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

Blackstone to acquire majority stake in R Systems for Rs 2,904 crore

Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. The promoters will get around Rs 1,496.95 crore

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

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