Page 11 - Private Equity

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

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022

The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn

Centre likely to remove 10% shareholding cap for individuals in PSBs

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

JSW in talks with PEs, foreign banks for Mytrah Energy acquisition

JSW group's JSW Energy has targeted to add 15GW renewables to its portfolio with an investment of $10 billion by 2030

e-con Systems opens new site in Bengaluru, eyes $10 million funding

e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel

Global investors led by Arpwood buy majority stake in Sterling Hospitals

According to Arpwood Partners, the consortium will now invest in high-calibre clinical talent, infrastructure upgrade and patient service experience, and deliver quality medical care to patients

IAMAI announces committee to study issues faced by VC firms in India

Softbank, Sequoia, IAN, 3one4 Capital, Eximius, Multiples Alternate Asset Management among others join panel